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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Latin American rolled steel production increased 4% year on year in January and February to 9.27 million mt, while consumption totaled 11.8 million mt in the two-month period, up 8% from the year-ago period, Latin American Steel Association Alacero said Monday. The difference "was increasingly supplied by imports, which already…

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As Posco has been dillydallying over payment of dues towards the cost of the land acquired for its proposed mega steel plant near Paradip, the state government today said, the Korean steel maker must make its stand clear whether its wants to set up the plant or not. “We are…

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State-run steel giant PT Krakatau Steel has demanded that the government immediately impose higher fees on imported steel entering the country to save the domestic steel industry from falling. “We urge the government to soon raise import duties to around 20 percent for foreign-made steel to help local steelmakers offset…

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Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. Even as China's domestic steel demand shrinks and the industry battles chronic overcapacity,…

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Iran's minister of industry, mine and trade says the country is planning to increase its steel exports to 10 million tons a year by attracting new investments in the sector. Addressing the inauguration ceremony of an iron smelting plant in Iranian city of Shahroud, Mohammad Reza Ne’matzadeh said on Thursday…

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PT Essar Indonesia, part of Essar Steel and the largest cold rolled producer in the country's private sector, has major plans for the next two years comprising production increase, targetting new demand areas, introducing new value added products and expanding capacity sometime in FY17. "For this year, our focus is…

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Russian steelmakers may find the benefits of a weaker ruble short-lived as lower prices coupled with a rebound in the currency weigh on profit margins, analysts and producers of the metal said. “The situation in the market remains tough and we understand that margin levels will fall during the year,”…

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China Steel Corp plans a commercial-scale project to produce ethanol from waste gases in a push to improve air quality without using food as feedstock, the firm that came up with the technology said on Wednesday. China Steel will spend $46 million for a commercial ethanol facility attached to a…

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Peru has imposed antidumping duties over hot-rolled steel tubes imported from Chinese companies for the next three years. The decision, announced by Peru's anti-dumping agency, Indecopi, on Tuesday, applies to round, square or rectangular welded tubes, 1.5 mm-6 mm thick. The affected companies are Tianjin Youfa International Trade Co., Tianjin…

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Metal sector has shown some promise in the recent past despite concerns on broader indices that continue to trade weak. The CNX Metal index that had fallen to one-year lows of close to 2,293 in mid-March is now trading at 2,460 levels, a gain of almost 100 points or 7%.…