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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South African steel production fell 7.18% year on year (y/y) in April to an estimated 539,000 tonnes, according to the World Steel Association (worldsteel). This followed a 16.3% rise in South African steel production to 7.6-million tonnes in 2015 compared with a 2.8% decline in global steel production to 1.6228-billion…

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The sales process is continuing for Canadian steel mills Essar Steel Algoma and US Steel Canada. Confidentiality agreements prevent the identities of potential bidders to be released but some information has been slipping out. Essar Steel Algoma Despite the “cone of silence” that the media has called the quiet period…

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ArcelorMittal 's MT sites in Spain and France have provided all the steel that has been used in the Harmony of the Seas - the world's largest cruise ship, which is also being considered as Europe's biggest hotel. The ship has docked at the U.K. port of Southampton after leaving…

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Leaders from the Group of Seven advanced economies will discuss actions to reduce global industrial overcapacity, with an emphasis on the current steel glut, when they meet in Japan next week, a senior White House aide said on Thursday. Wally Adeyemo, deputy national security adviser for international economics, told a…

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Essar Group, which has been trying to foray into LNG terminal business, has finally decided to set up a floating storage and regasification unit (FSRU) near Hazira. Essar Ports Ltd will be pumping in anything between Rs 3,500 crore - Rs 4,000 crore for the facility is could be a…

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China's central government-controlled firms will cut steel production capacity by 10 percent over the 2016-2017 period, the cabinet said on its microblog on Wednesday. Coal production capacity would also be cut by 10 percent at these firms over the same period, the statement said, without specifying what the 2016-2017 period…

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Chinese iron ore and steel futures slipped on Wednesday, giving up gains seen earlier in the session as worries about a persistent supply glut dragged on prices. Both commodities had risen about 2 percent over the past two sessions, steadying after a sharp almost 12 percent drop last week. But…

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Britain’s steel trade body and unions have called on the UK and the EU to take urgent action to stop Chinese steel dumping, after the US government increased tariffs to more than 500%. In an escalation of the trade spat, the US has raised its tariffs on imports of cold…

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In 2002, Great Falls-based Anderson Steel bought a $900,000 beam line, automatic equipment that does drilling, sawing, punching, shearing and fabrication of structural steel. “It isn’t fully depreciated yet, but it is already out of date,” said Susan Humble, the owner of the metal fabrication business established in 1970 by…

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Dubai Investments has signed an agreement with Abu Dhabi National Company for Building Materials (Bildco) to develop a Dh250 million steel plant in Abu Dhabi’s Mussaffah area. The agreement comes as construction demand during the run-up to Expo 2020 is expected to boost growth in the UAE steel industry by…