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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A unit of India’s finance ministry recommended imposing a temporary 20 percent duty on certain steel products to arrest a surge in lower-priced imports. The Director General of Safeguards Wednesday recommended levying the duty for 200 days on certain flat steel products, including hot-rolled coil used in making cars and…

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Tyman's UK and Ireland division, ERA, has sold its steel reinforcer business, EWS, to Arc Specialist Engineering for a net cash consideration of around £7.25m. The company, which supplies components to the door and window industry, said the disposal is in line with its strategy of focusing on the supply…

Wednesday, Sep 09, 2015
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JSW Steel reported a four percent fall in crude Steel production in August at 10.66 lakh tonnes versus 11.16 lakh tonnes in the same month last year, according to a regulatory filing on BSE, pointing at a continuing difficult time for Indian steelmakers. The Sajjan Jindal-led steelmaker, along with other…

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Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore. "Out of the prospective investors in Odisha, Nalco is in a position to invest to the tune of Rs…

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Any global steelmakers hoping a potential end to sanctions on Iran will fully revive what was once a multi-billion dollar import market for their product will be disappointed as Tehran is boosting local output and expects its own exports to grow. The Islamic nation's drive to more than triple production…

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An Indian government body has found evidence that rising imports of some hot-rolled steel products from China, Japan, South Korea and Russia pose a threat to the domestic industry, potentially paving the way for an import levy known as a safeguard duty. The Directorate General of Safeguards said on Monday…

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Leeco Steel, a leading global supplier of carbon, HSLA, heat-treated and alloy steel plate, is constructing a new distribution center in Brandon, located nearly 13 miles east of Sioux Falls. Construction started this summer and the distribution center is scheduled to begin shipping steel plate in October 2015. This is…

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Tata Steel is buying iron ore from NMDC Ltd to meet supply shortfall from its own mines. Sources confirmed that in the past couple of months, Tata Steel has bought iron ore from NMDC. “The continuing problem of evacuation since July with the State government from its Noamundi mines in…

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Cheaper imports, soaring green taxes and energy prices see Tata Steel UK's annual losses surge to £768m The owner of Britain’s biggest steelworks has reported losses more than doubling as it buckles in the face of high taxes and energy costs, the strong pound and cheap Chinese imports. Tata Steel…

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Penn Stainless Products, a full-service distributor and processor of stainless steel products, has nearly completed construction of its new 35,000-square foot distribution and transfer facility in Jackson Center, Mercer County, Pennsylvania. According to the firm, its new facility is centrally located among the Pittsburgh, Erie, Akron and Cleveland areas, very…