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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Nicola Sturgeon has restated her commitment to ensure there is a future for steel manufacturing in Scotland after visiting the two Tata steel plants earmarked for closure, with the loss of 270 jobs. fter talks with workers, union representatives and management at the Dalzell and Clydebridge sites in Motherwell and…

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The lowest steel prices in more than a decade mean Russian producers can no longer rely on a weaker ruble for protection. The country's largest mills earlier in 2015 were the most profitable in about seven years because they pay wages and other production costs in rubles while earning dollars…

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SSAB has laid out plans to shed up to 295 positions in Finland. The Stockholm-headquartered steel manufacturer announced on Thursday that it will launch consultative negotiations with personnel employed at its steel mill in Raahe and its construction division, Ruukki Construction. The negotiations will affect all of the 2,455 staff…

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Reliance Steel RS is a leading metals service centre company engaged in value-added materials management and metals processing services. It distributes metal products including stainless steel, aluminum, brass, copper, titanium and alloy steel to customers across a vast spectrum of industries. Reliance Steel is well placed to leverage the strong…

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Loeffel Steel Group, a suburban Chicago-based company with a processing facility in Riverdale, and Esmark announced a joint venture. Esmark, a Pittsburgh-based company that's bought steel service centers in East Chicago and Chicago Heights over the last decade, said the newly formed enterprise will better serve various customer bases across…

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Weak domestic steel demand and higher steel imports are likely to drag JSW SteelĀ  's July-September quarter results. The company is expected to report net loss at Rs 150 crore in Q2FY16 from a net profit of Rs 750 crore in corresponding quarter last fiscal, according to a CNBC-TV18 poll.…

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Posco, South Korea's biggest steelmaker, reported the largest quarterly loss in at least five years amid losses on foreign exchange and mining assets, a lawsuit settlement and as a deluge of Chinese exports pushed down world prices. The net loss, excluding minority interests, was 534.2 billion won ($474 million) in…

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The safeguard duty imposed by India a month ago on steel imports has had limited impact, except for a price increase of Rs 1,000 a tonne. Imports have maintained an upward trend and even inventory levels continued to remain high. The government had imposed a 20 per cent import duty…

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Iron Range mill project that got $72 million in subsidies has fallen short, competitor said. Potential competitor Cliffs Natural Resources has again urged the state to force Essar Steel Minnesota to pay back $72 million in state grants and loans because it says the project has failed to meet construction…

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A Chinese state-owned steel trader is set to default on a bond payment even after the government was said to have stepped in to help, highlighting worsening corporate finances as an economic slowdown deepens. Sinosteel Co. will delay an interest payment due Tuesday on 2 billion yuan ($314.5 million) of…