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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Amidst global glut, China notched its second-highest monthly steel production in March this year at 70.65 million tonne (MT). With 71.16 MT, the highest-ever production by the world’s largest producer was in May, 2014, data compiled by the World Steel Association (WSA) revealed. The lowest monthly production since it reached…

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When Northern Rock was nationalised in February 2008, George Obsorne, then shadow chancellor, denounced the decision as a throwback to the 1970s and the “failed policies of Labour’s past”. So it is remarkable when a Conservative government signals its readiness to embark on the partial nationalisation of a major enterprise.…

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The iron ore price has continued to surge as fresh data showed an increase in Chinese steel production. Iron ore soared 6.8 per cent to $US68.70 a tonne overnight. The commodity has jumped 19 per cent in the past four sessions. Steel production in China increased 3 per cent year-on-year…

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Despite a huge global glut that led to defaults, closures, and enormous operating losses for producers, Chinese steel prices have been on a tear in 2016. The rise has been buoyed by lower-than-normal inventory levels, seasonal restocking, producers bringing forward production ahead of government-enforced curtailment later this month, plus a…

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The British government said Thursday that it could take a stake of up to 25% in the local operations of Tata Steel, which the Indian steelmaker is looking to sell, to help save the thousands of jobs that could potentially be lost if steel mills were closed. As part of…

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Steel mills in the United States paid up to $55 more per ton for ferrous scrap in April compared to March, according to transaction data compiled by Pittsburgh-based MSA Inc.’s Raw Material Data Aggregation Service (RMDAS) methodology. Renewed purchasing activity from Turkish buyers was the likely reason mills in the…

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Steel stocks move higher Thursday, led by China Steel Corp. After the largest steel supplier in Taiwan raised its domestic wholesale prices for June deliveries after the price hikes seen in the previous few months at a time of rising iron ore prices in the global market, dealers said. The…

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The rest of the world's steel producers may be pressuring Beijing to slash output and help reduce a global glut that is causing losses and costing jobs, but the opposite is happening in the steel towns of China. While the Chinese government points to reductions in steel making capacity it…

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On Wednesday, Rep. Mike Kelly introduced the bipartisan, bicameral Steel Industry Preservation Act with U.S. Senator Shelley Moore Capito and Rep. Mike Doyle. According to a press release sent from Rep. Kelly’s office, the Steel Industry Preservation Act creates a tax credit that would lower cost of production and make…

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South African steel output fell 14.8% in March from a year ago to an estimated 536,000 tons, according to the World Steel Association. This followed a 16.3% rise in SA steel production to 7.6-million tons in 2015. Global steel production fell 2.8% to 1.6228-billion tons in 2015. Steel production in…