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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There’s a bill in the NSW Parliament that would make the NSW Government use only Australian Steel in all its infrastructure projects. This is such a good idea that it has the support of political parties from across the Parliament. It’s technically a Greens Bill because we introduced it, but…

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Brazilian steel group Gerdau plans to have its specialty steel plant in India's Andhra Pradesh state operating at full capacity in.... This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin…

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Riding high on increasing demand for pre-coated steel in domestic as well as international markets, Essar Steel Pune Facility (ESPF) is eyeing a 43 per cent jump in turnover to Rs 3,000 crore in the ongoing fiscal. The unit is located at Sanaswadi, Maharashtra. "We are looking at achieving a…

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China is frantically trying to apply the brakes to its runaway steel juggernaut. Targets are being set for capacity closures, 45 million tons nationally this year and 100-150 million tons over the next three to five years. Regional governments are heeding Beijing's call. Yunnan province, for example, has committed to…

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The Chinese investors have showed keen interest in the Pakistan's steel, energy, cement and other sectors for investment and joint ventures. A delegation of Chinese investors representing various companies including Zonergy Company Limited and Hebei Weilang Import and Export Group Co., Limited visited Islamabad Chamber of Commerce and Industry, said…

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The current global steel price collapse, which joins oil in a formative worldwide “glut” is, unfortunately, signaling further deterioration of the gross domestic product recovery percentage, projected by the professional “stargazers” earlier in the year. While the current global oil glut traces its present surplus to the voluminous U.S. millions…

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JSW Steel Ltd on Tuesday said it will seek shareholders’ approval to raise as much as $2 billion by selling non-convertible foreign currency denominated bonds to fund its long-term capital expenditure plans. In addition, the company will also seek approval from shareholders to raise up to Rs.4,000 crore by selling…

Wednesday, Jun 29, 2016
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Mexican steelmaker Ahmsa launched a normalized steel plate plant, aimed at supplying the shipbuilding industry. The US$140mn plant will have capacity of 350,000t/y of steel in its initial phase, with processing mainly carried out in the Steckel mill, according to local news website Infonor. The capacity will be expanded to…

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[THE INVESTOR] Hyundai Steel stock price target has been reduced to 62,000 won (US$52.41) from 67,000 won by Eugene Investment & Securities, citing the steelmaker’s limited earnings momentum in the second half of this year. “Hyundai Steel’s sales (excluding affiliates) for the second quarter are expected to grow 0.3 percent…

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The U.K.’s decision to leave the European Union could cast doubts over Tata Steel Ltd. ’s efforts to sell its businesses in Britain, analysts said. The Mumbai-based company, whose British unit is one of Europe’s largest steelmakers by production capacity, said in April that it wanted to sell its U.K.…