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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More than 300 jobs are being lost at plants in the West Midlands, with other losses at sites in Hartlepool, Wrexham and Tredegar, administrator PWC said. Unions blame cheap steel imports for Caparo's financial problems. A number of sites have closed with immediate effect and more jobs are expected to…

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U.S. Steel Corp. is seeking a claim of more than $2.2 billion in debt from its Canadian subsidiary. According to a report by CBC, U.S. Steel has filed a claim in an ongoing bankruptcy protection proceeding seeking $2.2 billion in unsecured claims as well as $213 million in other claims.…

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Officials say a new oil and gas pipe manufacturing plant will bring at least 180 jobs to Norfolk, Neb. CEO Charley Havens announced at a news conference Wednesday that OCT Pipe of Rockwall, Texas, had chosen Norfolk over other locations for the 1 million square foot facility. The company expects…

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It's a tale of one city but two steel mills as one is preparing to be mothballed the other is about to reopen. As Tata's Llanwern hot strip mill comes offline and lays off 250 employees, workers at the Liberty Steel mill are getting ready to roll steel again. Nigel…

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Miners from India's top exporting state of Goa are renewing sales after action to halt illegal mining, but with iron ore in oversupply and steel prices at multi-year lows, price will be key to finding a foothold, say traders. Indian iron ore miners resuming exports after a three-year hiatus face…

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The Industrial Development Corp. affirmed its commitment to building a $5 billion steel mill in South Africa despite companies scaling back operations and a global glut because it wants to support infrastructure projects and urbanization on the continent. The state-owned finance institution’s project with Hebei Iron & Steel Group, China’s…

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U.S. Steel is asking the courts to order it's beleaguered Canadian counterpart to pay back what it says is $2.2 billion in debt. It's the latest in a complicated legal battle that has huge implications for Hamilton, as jobs and pensions for thousands of people lie in the balance. According…

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Chinese steel mills are likely to be forced into making deeper cuts in output over the next few months, as shrinking demand, soaring losses and tighter credit undermine firms in the world's biggest producer, industry officials and analysts said. The industry has defied pressure to make big cuts so far,…

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Swedish steel maker Ovako said on Tuesday it planned to cut its workforce by 8 percent to save 45 million euros ($50 million) annually, the latest in a wave of restructuring efforts in an industry plagued by overproduction. Ovako, owned by private equity firm Triton, said restructuring would take place…

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The UK's steel industry is set to save huge sums of money, thanks to flexibility in new EU regulations on emissions. Certain plants across the country will have as many as four and a half extra years to come within the stringent requirements, which are being introduced across Europe in…