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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Brazilian mining company Vale SA said on Thursday the start up of Cia Siderurgica do Pecem (CSP), a Brazilian steel mill being built with Korea's Posco and Dongkuk Steel Mill Co , will be delayed until the first half of 2016 from the second half of 2015 because of a…

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The U.S. steel industry a lodged complaint against South Korea for dumping and providing illegal subsidies for cold rolled steel. Korean government and the local steel industry representatives, in turn, said that the accusation is simply absurd. According to the Ministry of Trade, Industry and Energy (MOTIE) and the Korea…

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JFE Steel, Japan's second-biggest steelmaker, said on Thursday it would invest about 27 billion yen ($220 million) in a steelworks being built by Taiwan's Formosa Plastics Group in Vietnam in an effort to expand its global network to drive growth. JFE, steelmaking unit under JFE Holdings Inc, plans to take…

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Ampco-Pittsburgh Corp. has acquired Alloys Unlimited & Processing Inc., the company announced Wednesday. Alloys Unlimited & Processing, which is based in Ohio, is a speciality tool, alloy and carbon steel round bar supplier. The company also provides speciality services including precision saw cutting, CNC machining, rough turning and boring, heat…

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United States Steel Corp. will move forward with plans to idle a blast furnace at its Fairfield Works facility in Fairfield, Ala., President and CEO Mario Longhi said in a conference call Wednesday. The idling, which is expected to occur in mid-August, is related to raw material inventory, according to…

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U.S. Steel shares rallied for a third day Wednesday after the Pittsburgh steel producer maintained its full-year guidance despite the $261 million second quarter loss it reported late Tuesday. President and CEO Mario Longhi told analysts that accelerating benefits from the company’s Carnegie Way cost-cutting campaign and improving market conditions…

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A group of steelmakers in the U.S. on Tuesday asked the federal government to impose tariffs on steel shipments from eight countries, the latest salvo in the industry’s battle to cope with record imports. The petition claims that steelmakers in Brazil, China, India, Japan, South Korea, Netherlands, Russia and the…

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Nippon Steel & Sumitomo Metal Corp, Japan's top steelmaker, plans to cut crude steel output in the July-September quarter by 690,000 tonnes or 6 percent from a year earlier as it struggles to bring down inventories. The drop to 10.9 million tonnes is in line with the 6.1 percent fall…

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EU members have backed the imposition of anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan, according to sources familiar with the decision. The European Union will charge tariffs of between 24.3 and 25.3 percent for sheet, coil and strip imports from China and of 6.8…

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As the location for its second technologically advanced micro mill Commercial Metals Company selected Durant, Oklahoma. According to the firm, this new investment in Oklahoma will mirror CMC's existing micro mill in Mesa, Arizona. “The addition of a second micro mill to CMC's portfolio of highly efficient, customer focused and…