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.

news

An interactive Open Innovation initiative has been launched by TATA Steel for the sharing of new ideas to create the next generation of steels and improve the processes used to make them. The new online portal, www.tatasteelinnovation.com, sets out key challenges and opportunities and invites experts and creative thinkers to…

news

Steel Insights, LLC announced that on December 30th 2014 it received confirmation from the United States Patent and Trademark Office of registration of Steel Insights, LLC for exclusive use in the USA for two classes of service: Class 35 (US CLS 100, 101 and 102): Business strategy assessment services, market…

news

An official of China's Ministry of Commerce (MOC) said that the ministry will consider taking possible actions in response to a ruling by the World Trade Organization (WTO) panel about a steel pipe trade dispute. An official said that "China will seriously evaluate the WTO panel report and consider taking…

news

The Industrial Development Corporation is carrying out a twin pronged strategy of helping to set up five mini steel mills to promote competition in the downstream market while planning to build a bigger mill to focus on exports. Mr Abel Malinga, the IDC's divisional executive responsible for mining and manufacturing…

news

Steel manufacturing company ArcelorMittal Galati has decided to invest in a new production line for pre-dyed items, which will become functional in mid-2016. It will produce about 100,000 tons per year and will supply the domestic market, according to the company. Imports currently dominate the local market of pre-dyed products,…

news

With steel ministry's pitch for discouraging imports unheeded, domestic steel companies have made a fresh pitch before the government seeking relief from a sharp import surge, which has hurt profitability and could cost hundreds of jobs in the months ahead. They have urged the finance ministry to impose higher import…

news

TEX reported that the stainless crude steel production by 6 major stainless steel mills in December 2014 was 280,066 tonnes, up by 5.7% from 264,959 tonnes of the prior month. This represented a decrease of 12.5% versus the year-earlier month (320,008 tonnes). In December, the influence of production recovery at…

news

Second day of the coal auctions threw up interesting results for the bidders, as Hindalco and Sunflag Iron & Steel bagged contracts due to their aggressive pricing. Kumar Mangalam Birla-owned Hindalco won contract for Kathautia mine in Jharkhand by offering Rs 2,860 per tonne of coal. It won the order…

news

Bhushan Steel  's net loss widened to Rs 454.24 crore in the October-December quarter on higher expenses and finance costs. It had reported Rs 54.79 crore net loss for the corresponding quarter if last fiscal, 2013-14, the company said in an exchange filing today. Its income from operations grew marginally…

news

Spanish firm Tubacex has reached an agreement with Prakash Steelage Ltd to acquire 68 per cent stake in the Mumbai-based firm’s seamless stainless steel tube division for Rs 250 crore. “The acquisition of a majority stake in the seamless stainless steel division of Prakash Steelage is a step towards strengthening…