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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The Timken Company will release its 2014 fourth-quarter and full-year financial results on Thursday, Jan. 29, 2015, prior to the opening of the New York Stock Exchange.  The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and…

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The Indian Stainless Steel Development Organisation (ISDO) has signed two Memorandums of Understanding (MoU) with the Gujarat government, one each for a permanent exhibition park and an industrial park. While the permanent exhibition park will also have R&D and innovation centres and will allow industry players to showcase various kinds…

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JSW Steel's crude steel output in the October-December quarter of the current fiscal marginally fell to 3.17 million tonnes (MT). The Sajjan Jidnal-led firm had produced 3.19 MT crude steel during the same quarter a year earlier, it said in a statement today. Production of flat products, used in automobile…

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China's steel industry needs to speed up its restructuring by slashing excess capacity, improving efficiency and switching to higher-quality products, with output now approaching its peak, a senior industry official said. "China's steel sector has already entered a period of peaking and flattening out," Zhang Guangning, chairman of the China…

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China’s steel exports jumped to a record in 2014 amid slowing domestic growth and before a tax change that’s expected to curb shipments this year. The country shipped 93.78 million metric tons of steel products last year, 51 percent higher than 2013, according to data released by the customs administration…

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The Federal Ministry of Mines and Steel Development on Monday  said the Light Section Mill (LSM) of the Ajaokuta and Delta Steel companies would commence production in 2015. The Director of Steel and Non-Ferrous Metals Department in the ministry, Mr. Abdullahi Also, disclosed this in an interview with the News…

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The rout in Russia’s ruble is making life tougher for Indian steelmakers. Companies such as Tata Steel Ltd. (TATA), JSW Steel Ltd. (JSTL) and Steel Authority of India Ltd. (SAIL) planned higher output, aided by Prime Minister Narendra Modi’s push for faster Indian economic growth. Some local buyers are turning…

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The Government of Quebec is in talks with Cliffs Natural Resources about the possibility of restarting operations at the Bloom Lake mine, which is located in the province. Cliffs ceased mining operations at the loss-making Bloom Lake mine at the end of December. The decision to cease operations at Bloom…

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Tata Steel is hopeful of starting production in the new integrate greenfield steel plant at Kalinganagar in Odisha in the next few months and is expecting Consent of Operation from the state government in couple of days time. "The facilities at Kalinganagar will be ready by March/April and we are…

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China's cancellation from January 1 of an export tax rebate on steel alloys that contain boron may provide support for international steel prices and prompt Russia to fight for market share in the trade, analysts said. "About 30 per cent of [steel] exports are being affected by this policy change,…