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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Italy's government has taken full control of the troubled Ilva steel plant, Europe's biggest by output capacity, following a request the company said it submitted on Wednesday. Industry Minister Federica Guidi signed documents on Wednesday for Ilva - a major employer in southern Italy - to be placed under extraordinary…

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United States Steel Corp said on Wednesday it would idle plants in Illinois and Indiana, resulting in the layoff of 545 people, due to weak demand from the oil industry. The step comes after the company announced earlier this month it would idle its pipe manufacturing plant in Lorain, Ohio…

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U.S. Steel Canada will be in a Toronto courtroom again Wednesday morning to ask for another extension of its creditor protection. The company's existing protection order is set to expire Friday. Its court-appointed monitor is supporting an extension to May 15 as the struggling company continues to search for a…

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India Ratings & Research today said it has maintained its rated steel producers on a negative outlook for 2015-16 despite softening of interest rates and expected growth in consuming industries. The rating agency expects the credit profile of its rated steel producers to remain weak in next fiscal despite a…

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Quality Circles (QC) of Rourkela Steel Plant (RSP) have excelled in the 28th National Convention on Quality Concepts (NCQC - 2014). In all, 1314 Quality Circles consisting of 7245 members and delegates from 383 organisations had participated in the convention held recently in Pune, RSP said in a release today.…

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The Indian Express reported that marking the first major investment by India in Iran, state run SAIL has proposed to set up a nearly 2 million tonne integrated steel plant in the country at an estimated cost of INR 10,000 crore. For the greenfield venture, the steel manufacturer has asked…

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Bangkok Post reported that the Japanese Chamber of Commerce is urging the Thai government to raise its steel import quota as listed in the Japan-Thailand Economic Partnership Agreement (JTEPA), as the chamber claims the quota keeps falling. Mr Masaki Katsuta, chairman of JCC's metal division, said that “The import quota…

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Ezz Steel company signed a long-term loan agreement worth LE1.7 billion with the Arab African International Bank and the National Bank of Egypt. The company said that the loan will be used to restructure existing facilities and will be repaid in quarterly installments over a 7 year period starting in…

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Kobe Steel, Limited announced that its titanium material is being used in Toyota Motor Corporation's Mirai hydrogen fuel cell vehicle (FCV), which went on sale in Japan last month. The flat-rolled specialty titanium goes into making the separators in the fuel cell stack. Separators, a key part of the fuel…

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The Canadian government has issued an order that would block the state of Alaska from updating a ferry terminal unless the two sides resolve an ongoing dispute over the use of U.S. steel in the project. The project is on Canadian soil that's leased by the state. The port at…