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North America

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

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BlueScope Steel Exits Castrip Joint Venture

23 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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 Aug 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.

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