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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Brazil will produce 32.9 million tonnes of raw steel in 2016, 1 percent less than last year, as the sector wrestles with an historic slump in demand amid the worst recession in a generation, the Brazil Steel Institute said on Monday. Steel sales for the year are expected to fall…

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The Government is likely to extend safeguard duty of up to 20 per cent on certain steel products till March 2018, to protect the domestic industry from cheap imports from nations like China. The Board of Safeguards (BoS) in its meeting last week has recommended to the Finance Ministry for…

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The British government has warned Tata Steel that it faces damage to its international reputation if it decides to close the UK’s biggest steelworks at a crunch board meeting in India on Tuesday. Ministers hope the company will give some “breathing space” to help management of the Port Talbot plant…

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With millions poised to lose their jobs as China shuts down scores of underperforming mines and mills, Beijing has pledged to soften the blow, devoting a Rmb100bn ($15.4bn) fund to help “resettle” workers in the thriving service sector. But a tour around Tangshan, China’s steel capital in Hebei province that…

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Commodities trader Liberty House was on Wednesday poised to buy Scotland’s last two big steelworks from Tata Steel, a move that would keep the factories open in a rare glimmer of hope for the ailing industry. The company, which last year restarted a steel rolling facility in Wales, is set…

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Brazilian steelmaker CSN and the Brazil unit of ArcelorMittal are preparing to increase the price of flat steel in April, two distributors said on Wednesday, after rival Usiminas announced a 10 percent price rise. "They are all going to increase by 10 to 12 percent for flat steel products, but…

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Minerals technologies enters into agreement with Big River Steel LLC to supply metallurgical wire. Minerals technologies inc says minteq will supply Big River with metallurgical wire and equipment for five years beginning in q3 of 2016.   Source : reuters.com

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Bohai Steel Group's 2017 bonds held steady on Thursday, after bouncing from lows following reports the Chinese state-owned steelmaker was planning to restructure $29.61 billion in debt. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel and coal, to make…

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Jindal Steel and Power Limited (JSPL) has commissioned a 1.4 million tonne per annum (mtpa) rebar mill at Sohar, Oman. The mill, that came up with an investment of $190 million is the largest in Gulf and African region. Along with the existing 2 mtpa steel melting shop, it makes…

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China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient and…