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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The European Commission, the executive body of the European Union, has issued a financial ruling to lower anti-dumping duties against Taiwan's stainless steel cold-rolled flat product (SSCR) exporters, according to the country's Ministry of Economic Affairs. Citing the Official Journal of European Union dated Aug. 27, the ministry said the…

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China is set to halt production of steel for over a week but this brings cheer neither to Indian steel makers nor to iron ore miners. According to reports in Wall Street Journal and Chinese news agency Xinhua, Beijing has ordered factories to remain shut or cut production from August…

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Tata Steel, India's largest manufacturer of alloys, has announced the closure of its strip products business in South Wales as it faces difficulties brought by surging Chinese imports in Europe as well as adverse currency movements. The closure might leave 250 employees at the operation jobless. In a filing to…

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Austrian high-end steel maker Voestalpine might not stick to its plan to start building a specialised steel plant in China this year but still wants to expand there in the long term, its chief executive told Reuters in an interview. Voestalpine said in October it planned to start building this…

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Tata Steel, Britain's largest steelmaker, said on Wednesday it will mothball a plant in south Wales as tough markets persist, forcing the company to focus on higher-value products. Europe's second-largest steelmaker after Arcelor Mittal said it will redeploy employees at the plant in Llanwern, Newport, which makes strip products used…

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Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week. Traders were not confident that a seasonal pickup in Chinese steel demand next month would be…

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China has begun construction of a large 9.4 million tonne a year steel project in northern Hebei province, pushing on with plans to build newer, more efficient plants in coastal regions despite a supply glut and shrinking demand. The project, the second phase of the Shougang Jingtang steel complex at…

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Century Aluminum Co, which is owned by Glencore PLC, said on Tuesday it will idle its Hawesville, Kentucky, smelter, the first aluminum plant to shut in years as sinking prices and increased Chinese exports harm producers. Century said in a statement it would begin curtailing capacity on Oct. 24, blaming…

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One of the first steps in recovering from a debilitating condition like alcoholism is admitting you have a problem. It seems BHP Billiton has finally started down this path with iron ore. In announcing a 52-percent plunge in annual profit on Tuesday, Chief Executive Andrew Mackenzie also lowered BHP's forecast…

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Steel & Tube Holdings Ltd has entered into an agreement to acquire the assets of Canterbury-based Aquaduct NZ Ltd and Bosch Irrigation Ltd. Aquaduct, which went into receivership in April, specialises in large bore long length polyethylene pipe. In 2014 it won an innovation award for its transportable ‘pop-up’ pipe…