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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Conares, the Dubai-based steel products manufacturer, is undertaking a US$25 million expansion of its factory in Jebel Ali. Its chief executive and founder Bharat Bhatia said that the company, which currently produces 500,000 tonnes of steel rebar and 250,000 tonnes of steel pipes and tubes of diameters between 0.5 inches…

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Competition for expanding the continuous galvanizing line (CGL) to produce second hot-dip galvanized steel sheets, which are used for luxury cars, is becoming stronger. The CGL is a facility to produce such high quality auto steel sheets. In Korea, only POSCO and Hyundai Steel have the CGL. Hyundai Steel announced…

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ArcelorMittal South Africa Ltd. rose the most on record after the continent’s largest steelmaker said it will sell stock at a premium in its plan to raise as much as 4.5 billion rand ($320 million). AMSA, as the ArcelorMittal unit is known, will issue more than 692 million shares at…

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The South Australian Government will mandate the use of Australian standard steel in all future government projects in a bid to arrest the flagging fortunes of local steelmaker Arrium. Last week the company announced 250 job cuts at its Whyalla steelworks and said it needed to find an extra $40…

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Eversendai Corp Bhd has won contracts worth RM316 million through its subsidiary companies in Qatar, India and Malaysia. The first contract is for the structural steel roof construction of a theme park at the Doha Oasis mixed development. The theme park will occupy the central area of the podium and…

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Tata Steel is looking to raise at least $1.5 billion to refinance its bloated debt and reduce interest cost, several people aware of the development told ET. The fund size could go up to as high as $3 billion. The proposed mobilisation done through the company's Singapore subsidiary would primarily…

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The London Metal Exchange's new aluminium and steel contracts failed to attract much interest at their launch on Monday, highlighting the struggle they face to gain traction and liquidity. The launch on Monday is a key element of a strategy by the LME's owner, Hong Kong Exchanges and Cleaning (HKEx)…

Tuesday, Nov 24, 2015
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Kay2 Steel Limited, a venture of Sunil Kumar Agarwal – founder and whole time director in Kamdhenu Ispat Limited -, has gained momentum. The youngest TMT bar player is embarking on major expansion plans to become a pan India player. Besides, manufacturing, Kay 2 is equally focused on setting up…

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Thousands of job cuts have recently been announced in Teesside, Scunthorpe and Lanarkshire, with unions fearing more to come. The TUC-organised rally urged the government to stem the influx of cheap steel from China. Business Minister Anna Soubry said her department was doing all it could. TUC general secretary Frances…

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The Welding Technology Institute of Australia has written to all federal MPs and senators, requesting laws that properly support the local steel industry. The WTIA has requested mandatory standards be enforced for raw and fabricated steel imports, as well as procurement policies that support greater use of locally-made product. Geoff…