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North America

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

Latest News

Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada

23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.

Steel Dynamics Forecasts Rising Q3 Profits

20 September 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.

Harsco Wins US$40 Million Contract with South American Steelmaker

19 September 2016 - Mill contractor Harsco Corp. has signed a new US$40 million agreement with Chile’s largest steelmaker, CAP Huachipato, Harsco announced on Monday.

Union Workers at Republic Steel Ratify Labor Agreement

19 September 2016 - Members of the United Steelworkers have ratified a new, three-year labor agreement with Republic Steel, the union has announced.

Nucor Signs Deal to Acquire HSS Manufacturer

19 September 2016 - Nucor Corp. is acquiring structural tube manufacturer Independence Tube Corp. for US$435 million, a move that strengthens its grip on the non-residential construction market.

Steel Dynamics Subsidiary Plans Long Products Galvanizing Facility

16 September 2016 - Steel Dynamics Inc. is expanding its coatings capabilities, establishing a contract galvanizing shop in Kentucky that can treat long products and fabricated steel components.

SES Sets New Executive Team

15 September 2016 - Ohio-based SES LLC has appointed a company veteran to its helm and has promoted three others following the retirement of chief executive officer Don Batty.

Nucor Forecasts Rising Third-Quarter Earnings

15 September 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.

Tenaris Plans November Restart of Idled Tube Mill

15 September 2016 - Tenaris plans to restart its idled seamless mill in Ontario, Canada, and is recalling between 120 and 150 union workers, the company has announced.

Metals Association Appoints New Managing Director

13 September 2016 - William T. Mahoney, an executive who helped to greatly increase revenues at a public research and development group in South Carolina, has been named managing director of ASM International, the Ohio-based association has announced.

Tyasa Puts New Cold-Rolling Mill on Order

13 September 2016 - Mexico’s Talleres y Aceros S.A. de C.V. has awarded a contract to Primetals Technologies for a new reversing cold rolling mill at its Ixtaczoquitlan, Veracruz, mini-mill.

Johnstown Wire Names New Chief Executive

12 September 2016 - A manufacturing executive with more than 30 years of experience has taken the helm of Johnstown Wire Technologies Inc.

U.S. Announces Preliminary Duties on Stainless Sheet, Strip

12 September 2016 - The U.S. Commerce Department has set has set preliminary anti-dumping duties of 63.9 and 76.6 percent on stainless sheet and strip from China.

Commerce Department Proposes Big Countervailing Duty on Chinese-Made Plate

08 September 2016 - The U.S. Commerce Department has set preliminary countervailing duties of 210.5 percent on Chinese-made cut to length plate, ruling that producers there have been benefitting from unfair government subsidies.

Blaming Soft Plate Market, Essar Algoma Cuts Workforce

06 September 2016 - Canada’s Essar Steel Algoma is laying off more than six dozen employees owing to weakness in the plate markets, reports the online SooToday.com.

AK Steel Finishing Up Work on New R&D Center

02 September 2016 - AK Steel Corp. is nearing completion on its US$36 million research center in Ohio and expects to begin moving in employees this fall, reports the Dayton (Ohio) Daily News.

Steel Distributor Expands Into Southwestern U.S. With New Facility

30 August 2016 - Flat rolled distributor Lex Holding Co. has opened a facility in Houston, Texas, USA, expanding its market reach into the southwestern United States and Mexico, the company has announced.

Magnetation Planning to Wind Down Operations

29 August 2016 - AK Steel Corp. will pay up to US$37.5 million to end its pellet supply agreement with its joint venture pellet producer, Magnetation LLC, which will begin to wind down its remaining operations unless it finds a buyer or new financing.

The Time is Now for Meaningful Commitments on Capacity Reductions, SMA Chairman Says

26 August 2016 - In spite of new trade laws and a spate of anti-dumping cases, unfairly traded steel imports continue to pose significant challenges for U.S. steelmakers, the chairman of the Steel Manufacturers Association said on Friday.

Cliffs Natural Resources, Steelworkers Shake Hands on New Labor Agreement

26 August 2016 - North American iron ore miner Cliffs Natural Resources Inc. has reached a tentative labor agreement with the United Steelworkers union, the company announced on Friday.

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