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

According to Turkey's Iron and Steel Producers' Association (TCUD), Turkey's crude steel output totaled 2.58 million tonne in February, down by 12.2%YoY. Among them, 1.62 million tons were produced by electric furnaces, falling by 12.1% and 770,000 tons were made by blast furnaces, reducing by 12.5%, both compared to the…

news

Odisha government today proposed to sign an MoU with the Rastriya Ispat Nigam Limited (RINL) to set up a mega steel facility in the mineral rich Keonjhar district, officials said. A decision in this regard was taken at a high level meeting chaired by Finance Minister Pradip Kumar Amat and…

news

SAIL has undertaken modernisation and expansion at five of its steel plants to augment its crude steel production capacity to 21.4 MTPA. The indicative investment for the current phase of expansion is estimated at Rs 61,870 crore. The five integrated steel plants are at Bhilai, Bokaro, Rourkela, Durgapur and Burnpur…

news

As 2014-15 draws to a close, the earnings outlook for steel companies in the quarter ending March appears dim. With demand for steel products weakening further during the quarter, producers are cutting output and prices, as inventories increase in China. During the week ended March 13, prices of steel products…

news

Ilyich Iron & Steel Works of Mariupol is launching the production of boron added 30MnB5 steel plates for quenching and tempering, which increases the service life of components in agricultural machinery. This is the first time this kind of plates will be manufactured in Ukraine; machine building companies previously imported…

news

Bhushan Steel Ltd. jumped the most in two weeks after people with knowledge of the matter said the steel producer’s creditors are in advanced talks to restructure about 230 billion rupees ($3.7 billion) of long-term loans. Bhushan gained as much as 7.5 percent and was 3.9 percent higher at 84.25…

news

A unit of state-owned steelmaker Anshan Iron and Steel Group Co. will shut a large portion of its operation in China’s southwestern city of Chengdu later this month, a city official said Wednesday. Such a closure of most of Pangang Group Chengdu Steel and Vanadium Co. is rare among state-owned…

news

A Jefferson County Commission committee today approved tax abatements on $277.5 million in capital investments on two U.S. Steel projects that have the potential to save hundreds of jobs, county officials said. The first project would allow U.S. Steel Corp. to invest $230 million in an electric arc furnace technology…

news

Hot-rolled and cold-rolled steel coil prices in the US continued to fall on Tuesday, with buyers still uncertain about how the next few weeks may play out. Platts lowered its HRC price assessment to $475-485/st, from $480-490/st previously. CRC fell to $600-620/st, from $610-630/st. All prices are normalized to a…

news

NRI billionaire Lakshmi Mittal-led ArcelorMittal today said it will invest 88 million euros on its four plants in Germany by December-end to enhance their competitiveness. "Germany is a good location for the production of high value added products. With our investments, we aim to further increase the competitiveness of our…