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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Tata is preparing to commit to its UK steel operations, including the vast Port Talbot works, for at least the next 10 years, in a move which would secure the future of more than 11,000 steel workers and deliver a major boost to the government. Lord Bhattacharyya, one of the…

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Mount Gibson Iron Ltd (ASX:MGX) has entered into an offtake agreement with Sinogiant Steel Holdings to sell one quarter of the first year’s production planned from its Iron Hill iron ore deposit. The Iron Hill deposit is near Mount Gibson’s existing Extension Hill mine in the mid-west of Western Australia.…

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German industrial company Thyssenkrupp reported a 12 percent fall in annual operating profit and gave a cautious outlook that underlined the urgency of finding a lasting solution for its struggling steel business. Backed by activist investor Cevian, which has increased its stake this year to almost 20 percent, Thyssenkrupp is…

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China's pledge to shut down inefficient steel mills and address chronic pollution has triggered a rally in iron ore futures as traders bet a more profitable steel sector will underpin strong demand for raw materials. Iron ore futures rose more than 6 per cent on Thursday morning as traders piled…

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Brazilian steel maker Usinas Siderúrgicas de Minas Gerais SA, or Usiminas, said on Wednesday it has informed some clients it will raise steel prices between 9 percent and 12 percent as of December. Usiminas Commercial Director Sergio Leite said during a meeting with investors and analysts in Sao Paulo the…

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Africa-focused Australian mining company Equatorial Resources Ltd (EQX.AX) will aim to invest around $1.2 billion to develop its Badondo iron ore project in Republic of Congo, the company said. John Welborn, a non-executive director of Equatorial Resources and chief executive of its Congolese unit Congo Mining Exploration Ltd, met Prime…

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Rio Tinto is selling an aluminium smelter and hydro-electric power plants in Scotland to industrials group Liberty. The assets in Lochaber are the mining and resources giant’s only operational assets in the UK, but their future fell into doubt after the company launched a strategic review at the start of…

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Emarat Dzayer Group, a Dubai-based conglomerate, and Groupe Imetal, a Government of Algeria entity, have signed an agreement to develop a $1.6 billion steel plant in Algeria’s Annaba Province. The agreement was signed on Tuesday on the sidelines of the Algerian-Emirati Investment Forum. The agreement will create Emarat Dzayer Steel…

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Brazil's International Trade Secretariat characterized exports of hot rolled steel from China and Russia as "dumping" in an announcement in the Official Gazette on Tuesday but requested more information before raising tariffs. "A preliminary judgment has determined in the affirmative in regards to dumping," the entry read, adding the secretariat's…

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Global steel production rose by a healthy 3.3 per cent to 136.5 million tonnes (mt) last month against October 2015 aided by growth in major producers like India, China and Japan, data from World Steel Association showed. "India's crude steel production was 8.3 mt in October 2016, up by 12.3…