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 U.S. International Trade Commission found on Thursday there is reasonable indication that U.S producers are harmed by imports of flat hot-rolled steel products from seven countries, pushing along a process that could result in import duties. AK Steel Corp, ArcelorMittal USA, Nucor Corp , U.S. Steel Corp, SSAB Enterprises…

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South Korean steel major Posco would have to file a new proposal for setting up its proposed $12-billion steel venture in Odisha if it wants to pursue the project. The company was sounded about it at a recent meeting among officials of the Central government, state government and Posco, convened…

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With imported Chinese steel flooding the Indian market and a global surplus generated in the sector, the steel ministry has assessed the crisis to loom for another 18-24 months, an official said here. "We have assessed the steel situation and according to it the (steel) industry is expected to remain…

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Top UK steelmakers have called on the government to increase help to the sector after SSI UK, the country's second largest steelmaker, halted production last week, calling into question its future and putting thousands of jobs at risk. The calls came as UK unions said that if SSI UK fails…

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A delegation of steel manufacturers today met Maharashtra Governor Ch Vidyasagar Rao and sought reduction in power tariff for the industry. The delegation from Wada region in Palghar district, led by Maharashtra Industries Minister Subhash Desai, met the Governor at Raj Bhavan here and sought reduction in power tariff, a…

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The United Steelworkers and representatives from United States Steel Corp. will resume contract talks in Pittsburgh Sept. 27, according to an update from the union. The USW said the parties remain far apart on key issues, but no additional details were provided. A representative of the union declined to provide…

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Iron ore miner Vale said it will cut its production cost to less than $13 per tonne by 2018, as the world's largest producer of the commodity maximises profit margins in an era of weak prices. A global glut and falling Chinese steel demand have dragged iron ore prices to…

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Global steel production fell by 3 per cent in August 2015, its biggest fall this year led by decline in China's steel production. India however managed to beat the blues to report a 2.8 per cent growth in steel output during the month compared to same month last year. World…

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China's total steel product exports are likely to exceed 100 million tonnes this year, Wang Liqun, the vice-chairman of the China Iron and Steel Association, told reporters on Wednesday. Foreign markets have provided a lifeline for Chinese steel producers struggling with overcapacity and weak domestic demand. In the first eight…

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Cataract Steel Industries has acquired Private Systems, Inc., a move that will further expand the company‚Äôs custom heat exchanger production. Since 2010, Private Systems has provided high quality aluminum and steel machining services to customers in Western New York. Founded in 1976, Cataract Steel is a worldwide leader in the…