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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JSW Dharamtar Port has received green clearance for expansion of its jetty facility with an investment of Rs 1,550 crore at Dolvi village in Raigad district of Maharashtra. JSW Dharamtar Port Ltd is a special purpose vehicle created under the aegis of JSW Infrastructure Ltd to handle the cargo of…

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Vietnam may take remedial action against imported steel as an influx of cheap imports has reportedly threatened the local steel industry. News website Bao Dau Tu reported Friday that local producers have received support from Deputy Prime Minister Hoang Trung Hai. He ordered the Ministry of Industry and Trade to…

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China's nickel producers said on Friday they plan to slash output of refined metal and nickel pig iron (NPI), the first major coordinated move in the industry globally to lift prices out of their worst slump in more than a decade. In an open letter, eight producers, including state-owned Jinchuan…

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Germany's antitrust authority said on Thursday that it had searched several offices and homes as part of an investigation of companies that make and sell special steel. Austrian specialty steelmaker Voestalpine said it was involved, and Switzerland's Schmolz + Bickenbach said earlier that the cartel office had inspected its German…

Friday, Nov 27, 2015
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U.S. Steel has won a chance to get its debt claims against the former Stelco proven ahead of others. In a decision released late Wednesday, Justice Herman Wilton-Siegel swept aside objections from workers and the provincial government. He held that the starting point for deciding the issue is whatever action…

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Veteran emerging markets investor Mark Mobius has warned of a worse-than-expected slowdown in Chinese steel production, highlighting the risks to the country's economy and the losses that could be felt in the sector. Mobius said that while he is bullish on China's energy and metal consumption long-term, he recognised that…

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The London Metal Exchange has launched LME Steel Scrap, one of three new contracts it is now offering. The other two contracts launched this week are LME Steel Rebar and LME Aluminium Premiums. The new scrap and rebar contracts will be traded on the LMEselect electronic platform and are intended…

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A judge ruled Wednesday he will hear the matter of the American U.S. Steel company's claims that it's owed $2.2 billion before the rest of the restructuring process for U.S. Steel Canada. The judge concluded the outcome of the hearings on how much the American company is owed will have…

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AK Steel Holding named several new leaders, including a new top financial officer, amid continued reshuffling of its leadership. The West Chester-based company promoted Jamie Vasquez to chief financial officer and vice president of finance. He joined the company last year and he will report to Roger Newport, who the…

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Brazilian steel consuming groups Wednesday expressed opposition to possible higher import tariffs for steel goods and its potential inflationary effects. The comments come a week after Minister of Finance Joaquim Levy and Minister for Development, Industry and Foreign Trade Armando Monteiro confirmed ongoing studies to elevate the import tariff on…