NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Sharjah’s Hamriyah Free Zone Authority (HFZA) recently participated in the biggest integrated stainless steel expo 'INDINOX 2015' that concluded today (January  27) at the Mahatma Mandir Conference Centre in Gandhinagar, Gujarat (India). Indinox is one of the most prestigious events in the region for the stainless steel industry, organised by…

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Steel exports from Latin America to the US increased 4.82% year-on-year to 651,873t in December, according to figures from the US Census Bureau. By value, exports from the region rose 18.5% to US$518mn. By volume, Brazil was the region's biggest exporter of steel to the US, at 390,479t, up from…

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Gujarat chief minister Anandiben Patel encouraged the stainless steel manufacturers in the country to increase the use of steel for beautification of civic projects like the Sabarmati River Front project in Ahmedabad. This apart, the industry has identified huge opportunity for stainless steel consumption in mega projects like the Statue…

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With a total production of 83.20 million tonnes (MT), India remained the world's fourth-largest steel producing nation for the fifth year in a row in 2014 as well, according to data compiled by World Steel Association (WSA).  In fact, there was no change in the world order of steel production in the past year…

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U.S. Steel Corp. said Monday it will temporarily curtail operations at two plants in Alabama and one in Texas, potentially affecting 1,918 workers, as the collapse of oil prices continues to punish key segments of American industry. The company said it would “adjust operations” at Fairfield Tubular Operations and Fairfield Works…

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Irish building materials company Kingspan Group PLC announced Tuesday that it has acquired Belgian steel manufacturer Joris Ide Group for around EUR315 million, having confirmed it was in "advanced discussions" with the company earlier this week. Kingspan, which manufacturers insulated panels and rigid insulation boards, said the acquisition significantly extends…

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Bahrain Steel, a wholly owned unit of Foulath Holding, expects ramp up production by more than 80 per cent in 2015 and reach its full annual capacity of 11 million tonnes in 2016. The pelletising plant's output was up 40 per cent in 2014 compared to the previous year, but…

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Totem Steel International and Tata International Metals Americas, a division of Tata International Limited (member of the Tata Group, one of the most respected business conglomerates), announced that effective on February 1, 2015; Totem Steel will be continuing its operations as Tata International Metals Americas. "My biggest excitement about this…

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China's apparent crude steel consumption fell for the first time in three decades in 2014, data from an industry association showed, a further indication of how the country's economic slowdown is hurting industrial demand. A decline in the use of steel in China, which is both the top consumer and…

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Korean steel major, POSCO inaugurated its state of art Cold Rolling Mill in Mangaon, Maharashtra. Built at a cost of $709 million, the new Cold Rolling Mill has an annual production capacity of 1.8 million tonne. With POSCO's Continuous Galvanising Line of 4.5 lakh tonne annual capacity already operational in…