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

Bhushan Steel, one of the most indebted steel producer in the country, is in advance discussions with promoters of Orissa Sponge Iron & Steel Ltd (OSISL) and Monnet Group to acquire the company and secure raw material for their ailing Odhisa plant. Little known OSISL has been a takeover target…

news

Abu Dhabi is set to get a new steel plant targeting the automotive industry. Abu Dhabi Ports has signed an agreement with a unit of FourWinds Group of Companies to build a steel foundry to produce automotive parts at Khalifa Port’s Industrial Zone (Kizad), the port firm said. The foundry,…

news

Ontario's Superior Court will hear plans that outline the potential sale of U.S. Steel Canada mills and properties in Hamilton and Nanticoke Monday. The court proceedings, held in Toronto, outline a two-stage process to dump the plants by the end of the year, essentially creating a road map for a…

news

Prime Minister Narendra Modi is expected to announce a Rs 36,000-crore capacity expansion plan for SAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firm on April 1. During his maiden visit to the Odisha-based plant, where a Rs 12,000 crore modernisation and expansion programme has…

news

A $1.3 billion flat-rolled steel mill currently under construction in Arkansas might still be a pipe dream if not for the involvement of some veteran attorneys at BakerHostetler and a Cleveland executive at investment and advisory firm Global Principal Partners LLC. The immense project, which is estimated to create 525…

news

Private steel major Tata Steel achieved a milestone by becoming the first Indian steel plant to produce 10 million tonnes per annum (MTPA) of hot metal from a single location. "It is a significant achievement in journey of iron making which started in 1911. Starting from a capacity of only…

news

Kenya has signed an agreement with a Chinese firm, Sinosteel, to develop a steel plant in the country. Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed said Kenya had a demand of about 1.8 million metric tonnes of steel annually as at the end of 2013. This demand, he added,…

news

China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said on Saturday. Speaking at an industry forum, Luo Tiejun of the…

news

South Korean steel producer Hyundai Steel (004020.KS) said on Friday that it is considering a merger with its steelmaking affiliate Hyundai Hysco (010520.KS), but added nothing has been decided. Shares of Hyundai Hysco surged over 6 percent on Friday, after media reports said it may be absorbed into Hyundai Steel,…

news

Republic Steel is temporarily laying off 200 workers from its Lorain plant, the company announced. The layoffs of both hourly and salaried employees are due to declining conditions in the oil and gas markets and reduced demand, according to news reports. The company could not be immediately reached for comment.…