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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Tokyo Steel Manufacturing , Japan's top electric arc furnace steelmaker, will raise prices of construction-used steel bars for April delivery by 5 percent in its first hike in over two years, reflecting a rebound in spot prices at home and abroad. The company will increase prices for steel bars, including…

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Tata Steel is in discussion with foreign companies for investments up to Rs 20,000 crore in heavy industries over the next five years at its Special Economic Zone (SEZ) project at Gopalpur in Odisha. "We believe we should be able to get foreign investment between Rs 15,000 to Rs 20,000…

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The European Union's (EU) call to step up measures on imports of Chinese steel products will not solve the problems facing the global steel industry but will affect the international trade order, China's Commerce Ministry said on Monday. "The whole global steel industry is going through pains due to weak…

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Anticipating pick-up in demand in construction and road sector in the Gulf Cooperation Council (GCC), Indian industrialist Naveen Jindal feels Jindal Shadeed Iron and Steel (JSIS) with its 1.4 million tonne per annum (MTPA) rebar facility is all set to take advantage of the $6 billion market opportunity in the…

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Bohai Steel Group Co Ltd, a steelmaker based in northeast China, may be unable to make full repayment on 192 billion yuan ($29.61 billion) of debt, the online financial magazine Caixin reported. The city government of Tianjin, which owns the firm, has set up a committee of creditors to help…

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Rourkela Steel Plant (RSP) is all set to roll out high strength steel of strategic importance using Russian technology. An interaction session pertaining to heat making, rolling, heat treatment and testing of the high strength steel was held here recently where Russian steel making experts and Indian defence scientists were…

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U.S. Steel Corp., the largest steelmaker in the U.S., will idle plants in Ohio, Texas and Alabama as it continues to cut costs amid a global glut that has driven down prices, the company said Friday. The company said the cuts could affect about 650 union and 120 non-union workers…

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Federal Industry Minister Christopher Pyne says the dumping of cheap steel is distorting markets and making Australian steel uncompetitive. It is believed companies are using loopholes in existing trade laws by adding minerals to their steel products. Mr Pyne wants the Anti-Dumping Commission to provide him with "urgent advice" on…

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Players in the domestic automotive industry can soon expect to enjoy more efficient supply chains for their operations with the anticipated commencement of a steel plant in Cilegon, Banten, which will produce galvanized sheets, the main material for car bodies, at a large scale starting from next year. The steel…

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Squabbles with a co-investor are frustrating attempts by Nippon Steel & Sumitomo Metal to overhaul operations at flagging Brazilian affiliate Usiminas, foreshadowing a long and painful road to recovery as the outlook for the steel industry darkens. The Brazilian steelmaker's board on March 11 approved Nippon Steel's proposal of a…