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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Chinese steelmakers cut output last month as companies in the world’s largest producer of the metal grapple with overcapacity, sinking prices and slowing economic growth. Crude-steel output fell 4.6 percent to 65.84 million metric tons from June, data from the National Bureau of Statistics showed on Wednesday. Production in the…

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AT&F, a recognized leader in steel fabricating, is celebrating 75 years in the industry with the strategic acquisition of Manitowoc, Wis.-based HMF (Heavy Metal Fabricators). The HMF facility is 60,000 square feet, provides 60-ton crane capacity, and hosts large-scale cutting, welding and machining operations. Acquiring the new facility will allow…

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Tata Steel Ltd.’s first-quarter profit more than doubled as India’s biggest producer of the alloy benefited from a one-time gain and earnings from outside its main business. Net group income was 7.63 billion rupees ($119 million) in the three months to June 30, compared with 3.37 billion rupees a year…

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U.S. Steel Corp. said work on its new electric arc furnace, or EAF, at its Fairfield Works facility is expected to be completed by the second half of 2016. The furnace will replace the aging blast furnace, but could also result in major employment cuts. Experts recently told the BBJ…

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Chinese crude steel output fell 4.6 percent to 65.84 million tonnes in July from a year ago, government data showed on Wednesday, as steel mills in the world's top producer faced tumbling prices and faltering demand. Average daily output stood at 2.124 million tonnes, down 7.6 percent from June, its…

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South Korean steelmaker POSCO and India's Shree Uttam Steel and Power Ltd have agreed to set up a 3-million-tonnes-per-year integrated steel plant in western Maharashtra state, the Indian firm said on Tuesday. The plant would be the first in India for POSCO, the world's No.6 steelmaker, as it continues to…

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China has announced plans to invest $20 billion in a steel plant on Kalimantan island, Indonesia's planning minister said on Tuesday. "For Kalimantan there is private investment of $20 billion from China to build a steel factory," Minister Andrinof Chaniago told reporters after meeting with China's minister for national development…

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Shares of Jindal Steel and Power today gained 4.8 per cent, adding to Monday’s 4.5 per cent rise, ahead of coal block auctions. The stock is the top gainer on BSE ‘A’ group stocks. The third round of coal block auctions for non-power use will begin later in the day.…

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Chongqing Iron & Steel Co. agreed to co-operate with South Korea’s Posco in two steel ventures that will attract investment of 6.2 billion yuan ($998 million). Chongqing will take the lead on a cool-rolling steel project, in which it’ll be the controlling shareholder and operator, the Chinese company said in…

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Nippon Steel & Sumitomo Metal , the world's No.2 steelmaker by output, sees no recovery in Asia's sagging steel prices at least until April as exports by top producer China will continue to weigh on the market, a senior executive said. The global steel industry has been battered by massive…