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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Leaders of the Yorkshire city of Sheffield, famed for its steel industry, announced on Thursday a 60-year partnership with Sichuan Guodong Construction Group, one of the largest companies in China's Sichuan province. The city council officially announced the deal on its website Thursday following the return to the city of…

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An idled steel castings foundry in Keokuk may come to life again and create 200 jobs with approval of state incentives. The Iowa Economic Development Board on Friday approved $1 million in loans and additional tax breaks to reopen the former Keokuk Steel Manufacturing Co. The plant was closed in…

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World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2016, the same figure as June 2015. World crude steel production in the first six months of 2016 was 794.8 Mt, a decrease of -1.9% compared to the…

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NEW YORK (Scrap Register): United States domestic raw steel production slipped by 0.2% to 1,746,000 net tons in the week ending July 16, 2016 while the capability utilization rate was 74.7 percent, the American Iron and Steel Institute (AISI). United Sates raw steel production was 1,750,000 net tons in the…

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The domestic steel industry is set to get stronger and long-lasting protection in the form of anti-dumping duties on cheap imports of specified varieties of hot-rolled and cold-rolled coils from China, Japan and South Korea. The Directorate General of Anti-dumping and Allied Duties, which launched probes into imports of these…

Thursday, Jul 21, 2016
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Nucor Corporation announced that it has agreed to acquire Joy Global's steel plate mill in Longview, Texas, for approximately $29 million. The mill produces carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons. "This acquisition builds on our strategy to capture a growing…

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The Ministry of Industry and Trade (MoIT) yesterday decided to impose additional tariffs on imported steel products as an official safeguard measure against cheap imports that were allegedly threatening the domestic industry. Previously, on March 22 this year, the ministry imposed provisional safeguard duties of 23.3 per cent on steel…

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The spurt in doemstic steel production is supported by the Minimum Import Price (MIP) policy and is unlikely to continue beyond August 2016 after it ends, ratings agency India Rating & Research (Ind-Ra) has said. While production grew by 3.8% year on year (y-o-y) in Q1FY17, compared to a decline…

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China will relax restrictions on foreign enterprises investing in its fledgling free trade zones (FTZs) in a bid to attract more overseas capital, the country's cabinet said on Tuesday. The government will temporarily replace an unwieldly approval mechanism with a registration system that will allow the establishment of foreign firms…

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Brokerage firm Barclays Maintains its rating on Nucor Corporation(NYSE:NUE). In a research note issued to the investors, the brokerage major Raises the price-target to $55.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Jul 13, 2016. Brokerage firm Barclays Maintains its rating on…