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 Steel, Europe's second largest steel producer, has acquired three service centres in Sweden, Finland and Norway to strengthen its offering to manufacturers in the Nordic region. The company reached an agreement with steel producer SSAB to buy its strip products service centres at Halmstad in Sweden and Naantali in…

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ArcelorMittal, the world's largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year. The group, an important indicator for the health of the global economy, said global…

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 ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) dropped further by $19 a ton week-on-week to $401 a ton in the week ended February 06, as per the latest figures released by The Steel Index. The small rebound in HR coil offers for SAE grades late last…

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Indiana’s steel industry, which many hoped would be on the upswing after the end of the Great Recession, is struggling under the weight of cheap oil, a strong dollar and low prices, leading to hundreds of layoffs in just one week and uncertainty about the future. Nearly 700 steel industry…

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JSW Steel Ltd. is planning to spend $2.5 billion on a new blast furnace on India’s west coast that will allow the nation’s third-largest producer to cut shipment costs, according to people with direct knowledge of the matter. The 5 million metric ton capacity blast furnace at its existing unit…

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New Page Capital, a Greensboro-based private equity firm formed in 2013 to purchase and grow privately held companies in the Triad, has acquired Engineered Steel Products, a Randolph County structural steel manufacturing company. The purchase is the first major investment deal for New Page Capital, which plans to invest in…

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In a study published in Nature Climate Change, scientists show that the carbon dioxide emissions from Brazil’s steel production doubled in the 2000-2007 period, despite a decrease in the use of coal. According to the researchers, Brazil used native charcoal, i.e. charcoal produced from native forests, to fuel the steel-production…

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For the first time the Universal Pin Connector, developed and designed by Cast Connex Corporation for AESS applications, has been used in non-exposed locations in a steel structure. The reason might be surprising to some engineers: the connectors proved to be economical vis-à-vis conventionally fabricated connections, explains Carlos de Oliveira,…

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State-run companies SAIL and NMDC have joined hands to set up a 6 million tonne greenfield steel plant at Dilmili in Bastar district of Chhattisgarh at an estimated expenditure of Rs 25,000 crore. Steel maker SAIL and iron ore miner NMDC Limited will sign a MoU this month to jointly…

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Egyptian Steel, a leading manufacturer of steel products based in capital Cairo, plans to build two new factories by the middle of next year, raising capacity to 3.5 million tonnes per year and boosting its market share, said its chairman Ahmed Abou Hashima. In addition to its plants in Alexandria…