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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European and American steel industry bodies complained to China on Tuesday about what they see as inadequate measures to rein in the country's bloated steel industry and curb record exports. China, the world's top steel producer, boosted exports of the alloy some 50 percent last year to an all-time high…

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United States Steel Corporation issued layoff notices to 1,404 workers in the latest sign of struggle for the American steel industry. The missives went out in recent days to workers producing pipe and tube products that are used in the oil and gas sector. Job cuts could come as early…

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India retained its position as the world's third-largest steel producer with a production of 14.6 million tonnes (MT) in the first three months of 2015. World Steel Association data showed that the country's production grew by 9.4 per cent in January-March quarter this year compared with the first three months…

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The London Metal Exchange (LME) plans to reduce the size of its new steel contracts to 10 tonnes from 100 tonnes to boost liquidity, it said on Monday. The exchange, the world's oldest and largest market for industrial metals, plans to launch the new contracts in rebar and scrap steel…

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Talks are on between South Korean steel major Posco and state-run domestic giant SAIL to set up an integrated steel plant, the government today said. "SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told…

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U.S. Steel will cut more workers in Texas, the company said Monday, as the oil and gas supplier continues to scale back amid a slump in the industry. U.S. Steel, which makes pipes used in oil and gas wells and in construction, told the Texas Workforce Commission it would start…

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Domestic steel use is estimated to grow by 6.2% to 80 million tonne in 2015 up from 75.3 mt in 2014, bucking the global trend which is expected to post a slower growth in steel demand in 2015 mainly due to lower steel output in China.  The World Steel Association…

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Emirates Steel, the largest integrated steelmaker in the UAE, warned of the damaging effects of the flow in China’s and Turkey’s steel to the UAE markets, and calls for protective actions to face the increasing competition and falling prices that will affect the UAE’s industrial future development plans. “The steel…

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Egypt will impose an 8 percent import tariff on rebar - reinforced steel bars - for three years, the industry and trade ministry said on Sunday, extending temporary tariffs introduced last year to protect the domestic industry. A ministry statement said Egypt would also impose a 20 percent tariff on…

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Tokyo Steel Manufacturing Co , Japan's top electric arc furnace steelmaker, said on Monday it would keep product prices unchanged for a sixth straight month in May due to oversupply of flat-rolled products at home and slumping overseas prices. The company's pricing strategy is closely watched by Asian rivals such…