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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Representatives of Japanese companies active in steel industry said on Monday they are willing to take part in construction of steel mills in Chabahar free zone and turn the area into a hub of steel industry. 12-member delegation from 10 Japanese firms signed the final contract to build the first…

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ArcelorMittal Galati, Romania’s largest steel plant, has invested EUR 4.75 million in a station for demineralized water used to produce steam for various technological processes. The investment will allow the company to be more independent in providing raw materials, according to the plant’s representatives, cited by local Wall-street.ro. It will…

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JSW Steel's results for the financial year ended March 31, were below expectations but are likely to improve in 2015-16, credit rating agency Moody's Investors Service said today. "JSW's sales volumes for FY2015 were 3 per cent lower than we had expected. Lower steel realisations year-over-year and a muted correction…

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Conares, the UAE-based steel company, will invest a further Dh75 million to Dh80 million to expand its manufacturing facility in Jebel Ali Free Zone (Jafza), Chief Executive Bharat Bhatia, told Gulf News on Sunday. This follows last weeks announcement that Conares is expanding to add another 250,000 tonnes of pipes…

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JSW Steel today reported a 2 per cent growth in crude steel production for April at 1.01 million tonnes. The steelmaker, with 14.5 million tonnes installed capacity, had produced 990,000 crude steel in the same month last year, it said in a statement. Production of long steel used mainly in…

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Steel Dynamics Inc. will invest approximately $100 million to expand its Columbus mill by adding painting and Galvalume capabilities. Company officials and Gov. Phil Bryant made the announcement today in Columbus. The project will create 40 new, full-time jobs. Steel Dynamics Inc. acquired its Flat Roll Group Columbus Division from…

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State steel producer Krakatau Steel on Thursday signed a deal which will pave the way for the company to secure a $260 million loan agreement from German lender Commerzbank to build a new steel processing plant in anticipation of greater domestic demand for steel ahead. “This investment will keep Krakatau…

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Tata Steel Thailand PCL, the Thai unit of India's Tata Steel Group, said on Thursday it expected to return to net profit for the fiscal year ending March 2016, lifted by rising steel prices and higher demand. The company, which made a net loss of 609.7 million baht ($18.23 million)…

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Benteler Steel/Tube is on track to stay with its intended production startup date of Aug. 1. Keeping the construction pace on time and within its more than $1 billion budget is an accomplishment, while also being a testament to the Benteler team and suppliers, chief operating officer Tim Erway told…

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An Ohio-based steelmaker has agreed to pay $1.35 million to settle environmental violations at the Dearborn plant alleged by the federal government and state of Michigan. The agreement with AK Steel Corp. was announced Wednesday by the U.S. Justice Department, the Environmental Protection Agency and the Michigan Department of Environmental…