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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Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, Credit Suisse Group AG said, as the head of India’s third-biggest mill decried the impact of surging competition. Overseas sales from China rose to 52.4 million metric tons in the first half, in…

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Chinese steel output fell by 1.3 percent in the first half of the year. This is self-evidently not good news for the iron ore market, given China is the single biggest buyer of seaborne ore. A surge in supply on the back of expansions by the world's largest producers was…

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NSK (Nippon Seiko Kabushiki Kaisha), a roller bearing specialist and automotive supplier, its bearings has helped a major steel manufacturer’s plate rolling mill achieve €46,000 ($50,819) savings. Until recently, a daily maintenance routine was required on the rolling mill’s existing open roll bearing to ensure sufficient lubrication, said a statement.…

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Leading alloy-maker JSW Steel will this week seek shareholders' approval to raise up to Rs 4,000 crore through qualified institutional placement (QIP) and Rs 10,000 crore from selling non-convertible debentures (NCDs). The Sajjan Jindal-led firm will seek shareholders' nod at its annual general meeting to be held here on Tuesday…

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The Steel Ministry approved as many as 83 R&D projects worth Rs 696.27 crore in 2014-15 as it aims to expand the industry's product portfolio and help it maintain long-term sustainability. The government is encouraging public sector undertakings and private firms in the steel sector to work on research and…

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Africa's biggest steelmaker, ArcelorMittal South Africa, could shut one its mills if the government does not impose anti-dumping duties on cheap Chinese imports, it said after flagging a dramatically wider half-year loss. Shares in the world's largest producers of steel are trading around their lowest levels in more than a…

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Prime Minister Matteo Renzi won backing in parliament on Thursday to keep open the scandal-hit Ilva steel plant against the will of local magistrates in southern Italy who say it is unsafe. The Ilva steelworks in the city of Taranto has Europe's largest output capacity at 11 million tonnes. It…

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World steel production showed a 2.4% decrease to 136 million tonne (mt) in June 2015, led by decline in two key producing regions, North America and China, while India's output bucked the trend, posting an 0.8% increase during the month to touch 7.4 million tonne. In the first six months…

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Nucor Corp. said Thursday its second-quarter profit fell mainly on a slump in steel prices, but predicted a better second half in part because of stronger trade protection laws. The Charlotte, N.C.-based firm, the biggest steelmaker in the U.S. by capacity, said earnings fell 15% to $124.8 million, or 39…

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Steelmaker Gerdau, one of the largest recyclers in North America, gets even larger following groundbreaking ceremonies Wednesday for a $20 million project that will upgrade its non-ferrous scrap separation system — while adding 30 jobs — at the company's steel mill in Jackson. Gerdau has about 800 employees throughout the…