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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US Steel Corp has launched a campaign to prevent imports from China's largest steel producers, it said on Tuesday, the boldest step yet by a US company as a trade brawl with the world's largest steel producer escalates. In a complaint to the US International Trade Commission (ITC), the US…

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Vice President Yemi Osinbajo said yesterday that 18 of the 30 steel rolling mills in Nigeria are operational, producing 2.8 million metric tonnes per annum from melting scraps. He added that the 30 existing steel rolling mills produced about 6.5 million metric tonnes per annum. Osinbajo spoke at Gimba-Oja, Ifelodun…

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Steel is essential to the modern world. It’s used to build buildings, roads, railways, and other infrastructure. For a developing country, steel is also essential for economic growth. Steel production was a major pillar of Mao Zedong’s Great Leap Forward in 1958, when China took measures to modernize and industrialize…

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Easy credit and an increase in government spending has led to the re-opening of at least 41 Chinese blast furnaces shuttered last year, as producers on the mainland reap their best profits since 2008. Despite an over-supply of steel globally and an increasing number of countries levying anti-dumping tariffs on…

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Brazilian steelmaker Usiminas said on Monday it may raise prices further in Brazil if international steel prices continue to remain high. Speaking to analysts on a conference call to discuss first quarter results, Commercial Vice President Sergio Leite said the potential price rise would be on top of the 12…

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Britain's efforts to help find a buyer for Tata Steel's UK assets will comply with European Union state aid regulations, Business Secretary Sajid Javid said on Sunday, insisting any deal would not be a bailout or nationalization. Indian conglomerate Tata (TISC.NS) said last month that it planned to sell its…

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BlueScope Steel has looked to immediately benefit from a credit rating upgrade by making moves to extend its debt maturities. In a statement to investors, the steel producer (BSL) said its subsidiary BlueScope Steel (Finance) would offer $US300 million ($A389m) in unsecured notes to institutional investors offshore. “BlueScope intends to…

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Trade protection measures cannot solve the fundamental problem facing the global steel industry, China's Ministry of Commerce said on Monday in response to Australia imposing import duties on Chinese rebar. The Australian government said on April 23 that it will impose import duties on certain types of Chinese steel to…

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China has faced a steel glut since 2014, when a real estate and debt shock forced demand for construction materials into a nosedive. China has been trying to cope with excess inventories both by cutting capacity in the sector and by reducing existing stocks of steel. China’s leadership is now…

Monday, Apr 25, 2016
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Iran said on Sunday that it had exported 4.1 million tons of steel in the past Persian calendar year which ended on 22 March 2016 thus setting a new record in sales of the strategic product to international markets.    Mehdi Karbasian, Iran’s deputy trade minister, has been quoted by…