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

Member of the Egyptian Businessmen’s Association and the Egyptian Federation for Construction and Building Contractors Daker Abdallah expected the price of steel will be EGP 6,000 per tonne by the end of June if the dollar revaluation is not controlled on the informal market. The price of steel currently ranges…

news

China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity, an official at the human resources and social security ministry said on Monday. Yin Weimin, minister of human resources and social security, said capacity cuts will lead…

Saturday, Feb 27, 2016
news

Steelmakers Gerdau and the Japanese JFE Steel Corporation have signed a technical co-operation agreement for the production of heavy plate in Brazil. According to Gerdau, the agreement will optimise the learning curve of the heavy plate rolling mill in Minas Gerais that is scheduled to commence operations in July. The…

Friday, Feb 26, 2016
news

With the launch of a series of mega development and power projects in the country under China –Pakistan Economic Corridor (CPEC), the annual demand for steel products will increase by more than thirty percent to 6 million tones from 4mt. Vice Chairman, Pakistan Steel Re-Rolling Mills Association (PSRMA) Akhtar Saeed…

news

President Barack Obama’s administration on Thursday announced a series of executive actions aimed at protecting the domestic steel and iron ore industries from unfair foreign competition, including increased inspections at U.S. ports and increased Customs personnel to help enforce tariffs already in place. The president also signed legislation Wednesday, HR…

news

Another company involved in the steel industry has announced plans for a new facility in northeastern Arkansas. Arkansas Steel Processing LLC says it will create 50 jobs at its plant near Osceola. That’s the same area where Big River Steel is building its $1.3 billion steel mill. The Blytheville Courier…

news

Steel output around the globe fell by 7.1 percent to 128 million tons in January, according to the World Steel Association. The 66 countries that report to the World Steel Association had a steel capacity utilization of 66 percent in January, a 5.8 percent decline compared to January 2015. It…

news

Tata Steel Ltd said on Wednesday its Europe unit's chief executive, Karl Koehler, is stepping down to take up a senior leadership position with a large, privately owned industrial company in Germany. Koehler would be replaced by Hans Fischer, chief technical officer at Tata Steel Europe, effective March 1, the…

news

World steel production declined 7.1% to 128 million tonne (mt) in January 2016, posting its biggest single month fall in recent years. Worse, India which had bucked the trend so far, reporting positive growth, also saw its steel output decrease by 1.2% in January 2016 compared to a year ago.…

news

Senaat, the industrial conglomerate, said on Tuesday that its Al Gharbia Pipe Company unit had secured a US$185 million loan agreement with a consortium of Japanese and UAE banks. The pipe company has a pro­duction capacity of up to 240,000 tonnes per year, Senaat said. Senaat, which owns 51 per…