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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Iran produced 13.210 million tons of crude steel in the first nine months of 2016, with 8 percent rise from 12.231 million tons in the same period last year, the World Steel Association (WSA) reported. It is while the world’s steel production fell 0.5 percent to 1.197 billion tons in…

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ArcelorMittal will continue to invest in the production of steel in the Galati plant, after investing EUR 400 million from date to present, Indian billionaire Lakshmi Mittal said in a letter addressed to the plant’s employees. Lakshmi Mittal is the Chairman and CEO of ArcelorMittal, one of the biggest integrated…

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In their pre-Budget consultation with the steel ministry, domestic steel majors such as JSW Steel, Essar Steel and others have asked for abolition of 2.5% extant import duty on coking coal, a scarce commodity in the country. The steel ministry, sources said, will back the proposal and refer it to…

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China yet again produced more crude steel than the rest of the world combined in September, according to new data from the World Steel Association released on Thursday. Chinese output has now outpaced that in all other nations in six of the past seven months. Approximately 132.9 million tonnes of…

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Fewer steel imports from China helped increase steel prices in the third quarter, lifting sales at leading steel makers Nucor (NUE) and Steel Dynamics (STLD). Still, uneven demand in their U.S. markets as the economy plods ahead led to a mixed reaction on Wall Street, where shares opened lower in…

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China’s Baiyin Nonferrous Group Co. agreed to consider setting up a stainless steel plant in the Philippines that could cost as much as $700 million, as part of a wider push to boost trade and economic ties between the two countries. The state-owned firm will look at various resources projects…

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World leaders warned Friday that the global oversupply of steel must be "urgently addressed", while taking aim at governments that contribute to excess capacity, hinting at China. Beijing has been in the firing line over claims Chinese steel exports were forcing plant closures and job losses in some countries, as…

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The government is working on a new steel policy in a bid to steer the over USD 100 billion industry out of the rut and ensure that the growth is evenly spread across all the related sectors. "We are in favour of a new steel policy and I am already…

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Brazil's steel output rose in September, the first year-on-year gain in 15 months, a possible sign that the worst part of a downturn affecting the industry may be over, the Brazil's steelmakers' association, Instituto Aço Brasil, said on Wednesday. Production rose 3.1 percent in September to 2.58 million tonnes compared…

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China Steel Corp the nation’s largest steelmaker, yesterday said it would raise prices by 3.7 percent per tonne on average for deliveries in December, due to increases in raw material costs. The Kaohsiung-based steelmaker said it would raise the prices of its four major products by NT$600 (US$19) per tonne,…