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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Tampa Tank, Inc. & Florida Structural Steel will expand its headquarters in Tampa and manufacturing center in Gibsonton, Florida. The company plans to create 108 jobs. The company provides complete design, shop fabrication, shipment, field erection, inspection, and testing of welded steel products. The company is investing a combined $18…

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U.S. Steel Corp. on Monday said it would shut its blast furnace and some steel finishing operations in Alabama, marking a significant retrenchment by the steelmaker as it tries to survive a weak market and competition from inexpensive imports. After losing money in five of the past six years, U.S.…

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Steel Minister Narendra Singh Tomar today inaugurated a steel processing unit under public private partnership (PPP) between SAIL and Prime Gold Pvt Ltd at Gwalior which will produce one lakh tonne of TMT steel annually. "The unit has been set up in Billowa, Madhya Pradesh under a Joint Venture. Prime…

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Chinese iron ore futures fell on Monday as buying from the world's top consumer slowed after mills slowed down replenishment of the raw material. Persistent weakness in China's steel demand has dampened gains made in prices of steel and the steelmaking ingredient over the past month as an economic slowdown…

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Trifecta Steel plans to invest $3 million and add about 30 workers over the next three years at a steel fabrication and welding facility in Owensboro. The Owensboro Messenger-Inquirer reports (http://bit.ly/1KnLG8B) Trifecta is a new manufacturing company that designs and fabricates steel building components. It recently purchased an existing 17,000-square-foot…

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Increasingly unfair competition from cheap Chinese exports is a concern for European steel companies, Europe's steel industry body Eurofer said on Thursday, after Chinese steel producers cut export prices. Chinese makers cut prices in response to Beijing's move to weaken the yuan, industry sources have said, providing an indication of…

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Nearly 1,100 workers at Evraz Highveld Steel are set to lose their jobs after being served with section 189 notices as the company scrambles to save itself. Evraz Highveld Steel CE Johan Burger on Thursday confirmed that up to 1,100 employees, or 50% of the firm’s staff, faced retrenchment. Companies…

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Protesting the government's move to control import under the garb of quality standard, downstream steel producers have urged the government not to implement Quality Control Order. Downstream producers have urged the government not to implement a quality-control order for steel imports. Downstream steel producers are dominated by small and medium…

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Chinese steel producers have already cut export prices in response to a lower yuan, industry sources said, providing some of the first evidence of how Beijing's devaluation will help companies in the world's second-biggest economy boost sales. China's steel industry is the world's biggest, but shrinking demand at home has…

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India's Tata Steel Ltd is continuing discussions to sell its loss-making long-products business in Europe, the company said on Wednesday, after talks with Swiss-based Klesch Group failed. "I think it will be fair to say that we will require 4-5 months to at least understand the strategic options," said Koushik…