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North America

All the latest headlines from NAFTA trading partners: the U.S., Canada and Mexico.

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Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 October 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday.

U.S. Government Makes Inquiry Into Kobe Steel Scandal

18 October 2017 - The Kobe Steel quality-data scandal has caught the attention of the U.S. Justice Department, which has requested records related to any defective material sold in the U.S., according to The New York Times.

Czech Mill Plans Caster Mold Improvements

16 October 2017 - ArcelorMittal’s unit in the Czech Republic, ArcelorMittal Ostrava, is upgrading a round bloom caster with a mold that uses fiber optics to read temperatures instead of thermocouples.

U.S. Graphite Electrode Plants Sold to Japanese Manufacturer

04 October 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America.

Minnesota Governor Puts Support Behind Firm's Effort to Revive Stalled Iron Ore Project

04 October 2017 - Minnesota Gov. Mark Dayton has given his blessing to a firm looking to rescue the stalled Essar Steel Minnesota iron ore mine and taconite plant, reports the (Minneapolis, Minn.) Star Tribune.

TimkenSteel, United Steelworkers Shake Hands on Labor Agreement

03 October 2017 - TimkenSteel Corp. and the United Steelworkers union have reached a tentative, four-year labor agreement that provides wage increases and improvements to worker health and safety.

Stelco Hopes to Enable Auto Steel Sales Through IPO

03 October 2017 - Three months removed from creditor protection, Canadian steelmaker Stelco is considering an initial public offering to help it pay for improvements to its facilities.

Reliance Steel & Aluminum Expands Perforation Business Through Acquisition

03 October 2017 - Reliance Steel & Aluminum Co. has acquired Rhode Island-based Ferguson Perforating Co., a processor that specializes in producing highly engineered and complex perforated metals.

Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant

02 October 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday.

Ternium to Build New Plants in Mexico, Colombia

02 October 2017 - Latin American steelmaker Ternium is investing more than US$1 billion in a new hot rolling mill in Mexico and a new rebar mill in Colombia, each of which are intended to displace imports into the countries.

Report: Stelco Hopes to Raise CA$150 Million Through IPO

29 September 2017 - Three months after emerging from creditor protection, the new owner of Canada’s Stelco will look to take the company public.

ArcelorMittal Allocates US$1B for Improvements to Mexican Operations

29 September 2017 - ArcelorMittal said it plans to invest US$1 billion over the next three years to expand and modernize its Mexican operations.

Steelworkers Approve New Labor Deal With EVRAZ North America

29 September 2017 - Members of the United Steelworkers union have ratified a five-year labor agreement with EVRAZ North America’s Pueblo, Colo., USA, plant.

U. S. Steel to Expand Ohio Galvanizing Plant

26 September 2017 - United States Steel Corp. and joint venture partner Kobe Steel Ltd. are investing US$400 million in a new continuous galvanizing line to meet rising demand for advanced high-strength steels.

POSCO Opens U.S. Wire Rod Processing Plant

25 September 2017 - POSCO and officials from the state of Indiana gathered Friday to ceremonially open the company’s new U.S. wire rod processing plant at the Port of Indiana-Jeffersonville.

Explosion at Gerdau Mill Injures Four

21 September 2017 - Gerdau has halted operations at its Wilton, Iowa, USA, mini-mill following a Wednesday night explosion that injured four people.

Steel Dynamics' Third-Quarter Earnings Expected to Miss Forecast

20 September 2017 - Steel Dynamics Inc. said it expects to report third-quarter earnings of between 61 cents and 65 cents per share, missing analysts’ expectations.

ArcelorMittal to Cease Rolling Plate at U.S. Mill

19 September 2017 - ArcelorMittal USA said it will idle the plate rolling line at its Conshohocken, Pa., mill sometime in the next year on account of low demand and competition from unfairly traded imports.

Nucor Mill Signs Off on EAF Upgrade

18 September 2017 - Nucor Steel Seattle Inc. has granted final acceptance of a newly installed water leak detection system on the plant’s electric arc furnace.

Nucor to Build New Micro Bar Mill

15 September 2017 - Nucor Corp.’s board of directors has given the go-ahead to construction of a new micro-mill somewhere in the Midwestern or southeastern U.S. and approved the expansion of another mill.

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