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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Leading steel producer Mideast Integrated Steel Ltd, flagship company of the $4 billion Mesco Group, has initiated work on brownfield expansion of its plant at Kalinganagar in Jajpur district. The company is expanding its steel making capacity from one million tonne per annum (mtpa) to 3.5 mtpa. The expansion is…

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The state of the steel industry has caused Warren Steel Holdings to go on a temporary shutdown. The producer and supplier of carbon and alloy steel products, 4000 Mahoning Ave., recently informed employees about the shutdown. The company will idle production on or before Nov. 30. The company expects production…

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ArcelorMittal plans to axe 450 jobs in Liberia to offset losses caused by the global decline in the price of iron ore, the world's largest steelmaker told AFP on Thursday. Company spokeswoman Hesta Baker Pearson said executives were meeting union officials to discuss the job cuts, which are expected to…

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An industry downturn has led a local producer and supplier of carbon and alloy steel products to shut down temporarily. Warren Steel Holdings, 4000 Mahoning Ave. NW, will close on or before Nov. 30, according to a letter sent to employees this week. “Given the current challenging market conditions, we…

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The city is pursuing National Steel Car for close to $8 million in unpaid taxes even as the massive railcar maker sues Hamilton over alleged flooding problems. Councillors heard an update behind closed doors Wednesday. City solicitor Janice Atwood-Petkovski confirmed after the meeting Hamilton is owed around $7.9 million in…

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Tata Steel has today unveiled plans to create one of the world’s largest solar energy projects of its kind in the Netherlands. Working with Pure Energie, the sustainable energy developer, Tata Steel will mount 80,000 solar panels on the factory roofs at its IJmuiden steelworks – an area equivalent to…

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Nigeria’s building and construction industry has received a boost as a United States company, Strong Structural Steel, a new entrant to Nigeria, is ready to raise the country’s construction standards. According to the company, the first phase of its investment is expected to bring foreign direct investment of $36 million…

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The Tata Steel’s 3 million tonne per annum(mtpa) green field steel plant at Kalinganagar in Odisha’s Jajpur district was commissioned on Wednesday. Dedicating the plant to the nation, the Odisha chief minister, Naveen Patnaik, said that the Tata Steel is committed to ramp up the steel making capacity of the…

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The Thai owner of the Redcar steelworks has said that it lost almost 29bn baht ($800m, £530m) from the liquidation of the Teesside plant. Parent company Sahaviriya Steel Industries (SSI) said it expected "zero recovery" from the Redcar operation. The Teesside furnaces and coke ovens were closed with a loss…

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Concern about the strength of demand in China, the world’s largest consumer of commodities, has pushed steel prices to a record low and triggered selling of other raw materials. As steel rebar prices dropped to a record low in Shanghai, copper continued its swoon, falling to a fresh six-year low.…