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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Corrosion-resistant steel from China will face final U.S. anti-dumping and anti-subsidy duties of up to 450 percent under the U.S. Commerce Department's latest clampdown on a glut of steel imports, the agency said on Wednesday. The department also issued anti-dumping duties of 3 percent to 92 percent on producers of…

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Korea's steel industry is expediting restructuring, hoping to complete a market review within months to decide whether to seek state help, industry sources said Wednesday. According to the sources, the Korea Iron & Steel Association has picked Boston Consulting Group to write up a report, detailing areas and products of…

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Iron ore and steel futures in China fell to 12-week lows on Tuesday as sputtering steel demand has trapped traders that restocked heavily during last month's price rally with unwanted products. The two commodity futures have lost 30 percent from their peaks in April when bets fueled by faith in…

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A Dearborn steel manufacturer could receive a $50-million to $60-million tax break over 20 years under legislation¬† under consideration in the state House of Representatives. But some lawmakers, citing ongoing violations of state air pollution regulations at the factory, think the company should clean up its act before any further…

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China, the world's top steel producer, is not encouraging large exports of the product and has taken measures to control shipments offshore, the country's steel association said on Tuesday. "The Chinese steel industry is willing to solve trade disputes through cooperation ... it strongly opposes protectionism and making the steel…

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An arbitration tribunal has directed the Steel Authority of India to pay about $48 million (Rs 323 crore) to Essar Shipping for illegally terminating a contract and causing damages and losses to the Ruia-controlled company. The panel headed by former Supreme Court Justice Deepak Kumar Verma passed the award in…

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China steel-rebar and iron-ore futures fell sharply Monday on expectations of a U.S. interest-rate increase and fading domestic demand, continuing a one-month slide. Both fell by their daily limit in afternoon trading before recovering some ground late in the day. Steel rebar settled down 5.2% at 1,947 yuan ($298) a…

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China is not encouraging large steel exports and has taken measures to control shipments offshore, the country's steel association said on Tuesday. "The Chinese steel industry is willing to solve trade disputes through cooperation ... it strongly opposes protectionism and making steel trade a political issue," the China Iron &…

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Steel and iron ore futures in China sank to their lowest since March on Monday, each tumbling nearly 6 percent at one stage, as faltering steel demand in the world's top consumer put renewed pressure on oversupplied markets. Steelmaking raw materials coking coal and coke slid 4 percent and other…

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Excalibur Steel, a management buyout group interested in purchasing Tata Steel's British steelmaking operations, is ready to lend its support to rival bidder Liberty House, two industry sources told Reuters on Sunday. Tata said in March it wanted to sell its UK steel operation, which has been hit by cheap…