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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Custom steelmaker TimkenSteel has a new way to make high-pressure steel tubing for use in the production of low-density polyethylene tubing. The Canton manufacturer said its new process is more streamlined and cost efficient than with earlier methods; steel tubing that previously took more than a year to make now…

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Sims Metal chief executive Galdino Claro said that a flood of Chinese steel exports is hammering prices for the scrap metal it sells as the company swung to an underlying loss of $17.8 million. The world's biggest scrap metal recycler said that sales revenue for the six months ended December…

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The exemptions provided on steel imports under the minimum import price (MIP) still a pose significant threat to steel companies. Of the 9.04 million tonnes of steel imported in the first nine months of this fiscal, the MIP does not cover about 6.5 million tonnes. This leaves scope for importers…

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AK Steel Holding Corporation AKS has declared that it will increase the base prices for all of its stainless steel products. The price hike will be effective with shipments from Mar 1, 2016. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products,…

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Lenders to the beleaguered Electrosteel Steels Ltd have decided to sell the majority equity stake in the company to London-based First International Group Plc, said two people familiar with the development. The deal followed the lenders’ decision to convert part of their debt into majority equity in the firm. “In…

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JSW Steel's plan to build a 10 million tonne steel plant in Jharkhand remains uncertain as excess domestic capacity coupled with unabated influx of cheap imports from China, Japan and South Korea in the past one year proved to be real dampeners for future mega steel projects. Sajjan Jindal-led JSW…

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Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still. A 4.5 km-long (2.8 mile) conveyor belt that once carried coal from the nearby port is idle and blast furnaces rest silent. Birds build…

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AK Steel Holding (NYSE:AKS), a producer of carbon, stainless and electrical steel products, said it will increase base prices for all stainless steel products effective March 1. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products, the increase will be achieved through…

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India's largest steel-makers' association has urged the government to extend a relief package to the iron and steel sector, as most companies are likely to default on their loans. The Indian Steel Association (ISA), which represents India's biggest private steel producer JSW Steel Ltd and largest public-sector steelmaker Steel Authority…

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A Picton business has expanded from supplying building materials to producing steel framing, which is being used in classrooms around the country. Picton ITM managing director Gary Knofflock said the company first experimented with steel framing three years ago, following a downturn in sales from the Canterbury earthquakes. This was…