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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Thyssenkrupp's (TKAG.DE) powerful labor chief warned its leaders not to go ahead with steel merger talks without consulting its works council first, saying steelworkers were ready to fight for their future. Wilhelm Segerath, who represents the works council on Thyssenkrupp's supervisory board, was responding to media reports that the German…

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The federal government has said it is determined to save the over $45.5 billion being spent by Nigeria yearly to import about 250 million metric tonnes of processed steel and aluminium products in the next few years. Vice President Yemi Osinbajo said this at the foundation laying ceremony of an…

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Tata Steel has sought more help from the British government to find a buyer for its steel plants in the UK. Bimlendra Jha, chief executive officer of Tata Steel UK told a committee of British lawmakers there were "structural disadvantages" in the steel industry in the UK which made production…

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According to the recent data published by the World Steel Association (World Steel), the crude steel production by Commonwealth of Independent States (CIS) increased marginally by 2.3% during the month of March year-on-year. The total crude steel production by Byelorussia declined sharply by 32.9% during March this year to 165,000…

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Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, does not expect the recent spike in Chinese steel prices to continue given the increases in China's crude steel output and exports in March, an executive said on Thursday. Still, the market is expected to climb gradually later this year after…

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Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. Big bets on Chinese commodities futures this year from hedge funds, retail investors and…

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Swedish steel bosses are looking to Teesside to help future-proof the country’s industry - now the UK “should be doing the same” says sector expert Chris McDonald. The boss of Middlesbrough’s Materials Processing Institute (MPI) says UK steel can be the most advanced in the world - and Teesside could…

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U.S. Steel suffered larger-than-expected losses in the first quarter of 2016 — some $340 million for the three months, or $2.32 per share. The company, in a conference call with industry analysts, reported Wednesday that it was hurt by continued low prices and decreased demand as well as a continued…

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U.S. Steel is asking the federal government to go beyond tariffs and keep unfairly subsidized, cut-rate Chinese steel out of the United States altogether. "We have said that we will use every tool available to fight for fair trade," Chief Executive Officer Mario Longhi said. "With today's filing, we continue…

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Prime Minister David Cameron said on Wednesday there was no guarantee that efforts to save the British steel industry would be successful, trying to manage expectations that the government can save thousands of jobs. Cameron has said his government will do all it can to secure a buyer for Tata…