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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TimkenSteel recently opened a $5 million technology center at its Northeast Ohio corporate campus. "The new TimkenSteel Technology Center, along with the talent across our entire team, enhances our ability to develop the SBQ steel that our customers need to solve their toughest challenges," Ray Fryan, vice president of technology…

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The U.S. Department of Commerce will look into a complaint about imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan in a process that could end in import duties. United States Steel Corp, Nucor Corp, Steel Dynamics, Inc., ArcelorMittal USA, AK Steel Corp [AKST.UL] and California Steel…

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TJSV Steel Fabrication and Galvanizing (India) Ltd aims to double its turnover to Rs. 100 crore by the end of this year. The five-year-old company, located at Gudimangalam near Udumalpet in Tirupur district, plans to usher in new products such as road guards and cable trays and tap the structural…

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Egypt's stock market fell in early trade on Thursday as Ezz Steel dropped sharply, while Saudi Arabia's market barely moved. The Cairo index sank 1.2 percent to 8,357 points, heading for a test of major technical support on its May low of 8,261 points. Ezz slid 6.0 percent to a…

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U.S. raw steel production for the week ending June 20 contracted 1.2% on a week-on-week basis on reduced capacity utilization, according to the latest report from the American Iron and Steel Institute ("AISI") - an association of North American steel makers. Capacity utilization (a key metric in the steel industry)…

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Steel giant ArcelorMittal MT announced that it supplied 10,345 tons of HISTAR beams for the construction of a 57-storey skyscraper which was built in a record-breaking 19 days in Changsha, China. The skyscraper was constructed at the equivalent rate of three storeys per day. The HISTAR beams, supplied by ArcelorMittal…

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OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) announces that it completed modernisation of turbo blowing machine no. 8 (TBM-8) in May 2015, and plans to overhaul blast furnace no. 9 at the end of the year. In May 2015, MMK completed modernisation of its steam power plant’s…

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A metal works firm is set to expand into larger premises after a year in business as it strives to meet demand for its services. Sunderland-based KK Fabrications was set up by Kenny Kearvell and Kevin McCourt just over a year ago, to provide conveyors for businesses across sectors including…

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Steel Dynamics Inc forecast a drop in second-quarter adjusted profit, citing a fall in average selling prices due to steel imports staying higher than anticipated. The company's shares fell nearly 2 percent to $20.99 in premarket trading on Monday. The steelmaker said it expected adjusted earnings of 20-24 cents per…

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A Wilder steel mill that serves the energy industry is set to lay off nearly 150 workers next month, as crude oil exploration wanes and foreign imports of steel increase. TMK Ipsco's workforce of 320 workers will be reduced to 54 people by early July, according to Worker Adjustment and…