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North America

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

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In Indiana, Steelworkers Rally Over U. S. Steel Layoffs, and ArcelorMittal Advances Optimization Plan

26 August 2016 - The United Steelworkers union is rallying this afternoon in downtown Gary, Ind., protesting U. S. Steel Corp.’s decision to layoff approximately three dozen maintenance workers at the Gary Works, reports The Times newspaper of northwest Indiana.

Essar Minnesota Lists US$1.1B in Liabilities

24 August 2016 - Essar Steel Minnesota owes US$1.1 billion, more than five times the value of its reported assets, reports the Mesabi Daily News newspaper.

BlueScope Steel Exits Castrip Joint Venture

23 August 2016 - Australia’s BlueScope Steel Ltd. has divested its stake in Castrip LLC, its thin strip casting technology joint venture, for US$20 million, the steelmaker disclosed on Monday.

United Steelworkers, Others Pressing Canadian Federal Government to Support Steel Industry

22 August 2016 - Calls are mounting for the Canadian federal government to step off the sidelines and take action in support of Canada’s steel industry and its employees, both retired and active, reports The Hamilton Spectator newspaper.

Aided by Its North American Sheet Mill, BlueScope's Fortunes Rise in Fiscal 2016

22 August 2016 - Australia’s BlueScope Steel more than doubled its underlying net profits in fiscal 2016 due in part to higher sales and cost reductions as well as to having taken full ownership of its U.S. sheet mill.

AK Steel Begins Marketing New High-Strength Auto Steels

22 August 2016 - AK Steel Corp. is launching a new line of high-strength, lightweight steels intended to help automakers reduce the weight of their vehicles, the Ohio-based steelmaker announced on Monday.

Essar Algoma Sale to Take More Time to Finalize

19 August 2016 - The group of lenders proposing to acquire Canada’s Essar Steel Algoma is continuing to negotiate the sale with the company’s bondholders, federal and provincial governments and the United Steelworkers union, but a closing doesn’t yet appear to be at hand, according to a court filing.

To Cut Its Debt, TMK Considers Selling Foreign Assets

19 August 2016 - Tubemaker TMK might sell some of its assets as it looks to pare US$2.5 billion in net debt, reports the Reuters news service.

EVRAZ Sees North American Sales for Rail, Tube Decline

19 August 2016 - Russia’s EVRAZ saw its sales fall nearly 28 percent in the first half of 2016, primarily on lower prices and weaker demand. But the second quarter brought about improving conditions, and the company is therefore “cautiously optimistic” about the second half, it said on Thursday.

Skyline Steel Adding Straight-Seam Welding to Mississippi Plant

18 August 2016 - Pilings maker Skyline Steel is investing US$15 million in its Iuka, Miss., plant to add additional pipe-making capabilities.

voestalpine to Expand North American Auto Parts Manufacturing Capacity

18 August 2016 - Austrian steelmaker voestalpine said it will expand its U.S. auto body parts plant and build another after landing an EUR$500 million order for automotive components, the company announced on Wednesday.

U.S. Trade Commission Affirms Duties on Certain Pipe and Tube Imports

17 August 2016 - The U.S. International Trade Commission has signed off on anti-dumping duties against imported heavy-walled, welded carbon pipe and tube from three countries.

Gerdau to Idle Kentucky Bar Mill

17 August 2016 - Gerdau is planning to idle its Calvert City, Ky., USA, bar mill by the end of November, blaming the world’s excess steelmaking capacity, according to reports.

Cliffs Reaches Long-Term Power Deal for Michigan Mine

16 August 2016 - Cliffs Natural Resources Inc.’s Tilden Mining division has signed a long-term power supply agreement with WEC Energy Group, the iron ore miner has announced.

Cliffs Natural Resources Breaks Ground on Pellet Project

15 August 2016 - North American iron ore miner Cliffs Natural Resources has broken ground on a US$65 million project that will allow for production of its new superflux pellet.

Company Proposes Iron Recovery Plant in Northwestern Indiana

15 August 2016 - A company that has been exploring coking coal alternatives said it is looking to build a plant to convert mill waste into iron nuggets, reports The Bismarck Tribune.

Steel Dynamics Acquires Scrap Yards in Tennessee, Mississippi

15 August 2016 - Metals recycler Sims Metal Management Ltd. has divested certain scrap yards in the eastern United States, selling them to Steel Dynamics Inc. for an undisclosed amount, according to reports.

U.S. Is Vigorously Enforcing Trade Laws, Says Commerce Department Secretary

12 August 2016 - U.S. Commerce Department Secretary Penny Pritzker said that with 161 steel-related trade cases now on the books, the government is fully committed to enforcing trade laws.

UAW Ratifies Labor Agreement with AK Steel

10 August 2016 - The United Auto Workers union has ratified a new labor agreement at AK Steel Corp.’s Butler, Pa., USA, facility, the company has announced.

U. S. Steel Canada Declines New Offer From Essar Global

10 August 2016 - U. S. Steel Canada has rejected a new buyout offer from Essar Global, saying that its new bid is substantially similar to one that was proposed -- and rejected -- earlier this year, according to reports.

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