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North America

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

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Steelworkers Approve New Labor Agreement With Cliffs Natural Resources

30 Sep 2016 - Members of the United Steelworkers union have ratified a three-year labor agreement with iron ore producer Cliffs Natural Resources, the company announced on Thursday.

Researchers Developing High Silicon Steel That's Less Brittle -- And Less Expensive

28 Sep 2016 - The U.S. Department of Energy has awarded a US$3.8 million grant to a research team that is helping to create smaller and more powerful electric motors based on a developmental electrical steel.

Essar Algoma Lenders, Bondholders Set Recapitalization Plan

23 Sep 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.

New Cold Mill to Expand Nucor's Lineup of Specialty Steels

23 Sep 2016 - Nucor Corp. will add a US$230 million cold-rolling mill to its Arkansas sheet mill, giving it the ability to make some new, higher-value products, the company has announced.

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

23 Sep 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 Sep 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 Sep 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 Sep 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 Sep 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 Sep 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.

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