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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Canada’s steel industry is calling for some Canadian content to be mandated for the multibillion-dollar Champlain Bridge project. The industry’s main lobby group – Canadian Institute of Steel Construction – says it isn’t right that the federal government has not set out any guidelines for the procurement process for the…

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South Korea's iron and steel imports from China jumped to a six-year high last year, industry data showed Tuesday, causing worries that the low-priced products might hurt local steelmaking companies. According to the data from the Korea Iron & Steel Association, South Korea's imports of iron and steel products from…

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The Indian Stainless Steel Development Association (ISSDA) has urged the government to withdraw preferential tariffs on imports of cold rolled stainless steel from Association of Southeast Asian Nation (Asean) countries and suggested this should be subjected to customs duty of 7.5%, similar to that for flat products. The lobby group…

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State-owned NMDC Ltd will spend Rs 10,000 crore on setting up slurry pipelines and pellet plants, among other works, for its upcoming steel plant in Chhattisgarh. The investment will be divided into two parts -- setting up slurry pipelines and pellet plants for Nagarnar steel plant and another slurry pipeline…

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Galvanized steel manufacturers will soon cut their product prices by 3-5%, or about Rs 1,000 – Rs 1,500 a tonne, following a steep decline in raw material prices. “Falling raw material prices has reduced cost of galvanized steel production which we will pass on to consumers,” said Ankit Miglani, Deputy…

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Novosti-Kazakhstan reported with the reference to the Statistics Committee under Kazakh National Economy Ministry, Kazakhstan increased steel production by 14% to 3.993 million metric tons in January to December 2014 compared to the same period of 2013. The country increased ferroalloys production by 0.5% to 1.715 million metric tones, flat…

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China Steel Corp., the largest steel supplier in Taiwan, said that it has set its sights on providing better service to its clients in the South Asian market after completing construction of a plant in India. China Steel said the addition of a new factory and sales office in India…

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JSW Steel is in talks to buy an iron ore terminal in Tamil Nadu from Sical Logistics, a move aimed at backward integration of its operations and saving on cost of importing the key raw material, people familiar with the deal told ET. Sical Logistics runs an iron ore terminal…

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Tata Steel’s potential sale of its long products division to American Gary Klesch has galvanized UK politicians. In an opposition day debate in the House of Commons on January 14, Ian Wright, the shadow secretary for business, innovation and skills, said Tata’s decision to quit the longs market did not…

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Metal processor Worthington Industries (WOR) has agreed to buy Rome, N.Y-based Rome Strip Steel Company, Inc. Financial terms of the deal were not divulged. Rome Strip Steel makes cold rolled strip steel mainly for the automotive industry. The entity, which had sales of around $70 million in 2013, owns a…