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North America

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

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Financing Costs, Used Auto Supply Likely to Restrain Growth in New Car Sales, Says SDI Executive

18 May 2016 - Steelmakers are continuing to look to the automotive market as source of healthy demand, but one steel executive said he’s not as bullish as others when it comes to auto sales forecasts in the U.S.

U.S. OCTG Market Remains a Good Long-Term Play, Says Tubemaker

18 May 2016 - Even with the U.S. rig count flirting with the 400 mark, TMK IPSCO chairman and chief executive Piotr Galitzine said long-term opportunities in America’s shale-based energy market remains.

Columbus Castings Files for Chapter 11 Bankruptcy

18 May 2016 - America’s largest single-site foundry and its parent company have filed for bankruptcy protection and the plant is to be sold to an unidentified buyer, according to Dow Jones Daily Bankruptcy Review.

Longhi says U. S. Steel Section 337 Case ‘Solid’

17 May 2016 - The U.S. International Trade Commission (ITC) is to decide by next week whether to pursue an investigation into U. S. Steel Corp. allegations that Chinese producers have violated trade rules. In the meantime, president and CEO Mario Longhi is refraining from speculating on the odds that the case advances.

Rainfall Hampers Start of Work on New Mill

17 May 2016 - Construction on Commercial Metals Company’s new micro-mill in Oklahoma is off to a soggy start.

(UPDATE) Nucor to Open New Joist, Decking Facility in Canada

15 May 2016 - Nucor Corp.'s joist and decking unit is setting up a fabrication shop in Canada and plans to begin producing products later this year, the company has announced.

Explosion Causes US$5 Million in Damage to Ohio Mill

10 May 2016 - North Star BlueScope Steel is continuing to produce steel following a weekend explosion and fire at its Ohio, USA, sheet mill.

American Iron and Steel Institute Names New Chairman

05 May 2016 - Nucor Corp. chairman and chief executive John Ferriola has been named chairman of the American Iron and Steel Institute.

Newly Acquired Long Products Business Names Three to Executive Team

04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.

U. S. Steel Issuing Nearly US$1 Billion In New Bonds

03 May 2016 - United States Steel Corporation is nearly doubling the amount of new debt it plans to issue to repay maturing borrowings.

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