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.

news

The manufacture of steel and related products is an energy-intensive process. In 2015, the steel industry accounted for 1.5% of all industrial shipments but 6.1% of industrial delivered energy consumption. In EIA’s Annual Energy Outlook 2016 (AEO2016) Reference case, energy use in the steel industry increases by 11% over 2015–40.…

news

Putting up a stellar performance, JSW Steel reported net profit of 1,109 crore in the latest June quarter, a several-fold jump from the 21 crore in the comparable period, last fiscal. Also, operating profit grew 92 per cent (year-on-year) to 3,269 crore during this period. Following the results release on…

news

The United States imported 2.63 million net tons of steel in June, an 8.6 percent decline as compared to May, according to preliminary U.S. Census Bureau data. The American Iron and Steel Institute reported that finished imports fell 6.3 percent to 2.2 million net tons in June. That included about…

news

Saudi Steel Pipe Co. net profit in the first half of 2016 declined by 60 pct to SAR 13.95 mln as compared to SAR 34.87 mln in the similar period last year. This is due to drop in deliveries, lower selling price of small diameter pipes, inventory revaluation and loss…

news

By November this year, 700 jobs will be created at the Alpart plant in Nain, St Elizabeth, which is being acquired by Chinese company Jiuguan Iron and Steel (JISCO) from Russian firm UC Rusal. In another four years, JISCO will be investing US$2 billion to establish an industrial zone at…

news

Large domestic steel makers are pushing for a continuation of minimum import price, a measure that has helped cut cheap imports and firm up steel prices in the home market. The protectionist measure, introduced by the government in February on 173 steel items for six months, is due to end…

news

Iron ore futures in China surged more than 5 percent on Wednesday, supported by rising steel prices and a plan by Chinese miners to seek an anti-dumping investigation into imports of the raw material from Australia and Brazil. More than 1,000 Chinese iron ore mines have shut since last year…

news

US flat-rolled steel mills continued to hold off any seasonal price malaise Tuesday, which was no small feat sources say. S&P Global Platts maintained its daily hot-rolled and cold-rolled coil assessments at $610-$630/st and $820-$840/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. Despite July remaining slow…

news

The Committee says that the fall in world prices for metals and excess of applications for the opening of new metallurgical plants set not the best background for the privatization of Da?k?s?n Filizsafla?d?rma OJSC (Dashkesan mining & processing plant), Fineko/abc.az reports. "We were aware from the beginning that we are…

news

Tata SteelBSE -1.46 % has reported a marginal 0.1% rise in sales in Q1 FY17 at 2.15 million tonne (mt) compared to same petiod last year. The company saw a 4.8% rise in production of saleable steel in Q1FY17 at 2.3 million tonne (mt) against a production of 2.2 mt…