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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China can’t seem to avoid producing more steel than the world needs. After the government said in February it would cut production capacity by as much as 13%, a rebound in prices from the lowest in more than 12 years proved too much of a temptation in a country that…

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According to the latest statistics by World Steel Association, crude steel production in the MENA region has increased by 7.06 pct YoY to 5.578 mln tons in August 2016 as compared to 5.210 mln tons in August 2015. In August 2016, UAE steel production grew significantly. Iran & Turkey’s crude…

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Dongbei Special Steel Group Co Ltd said on Monday it had defaulted on a one-year bond, the latest in a string of missed payments this year by the unlisted Chinese steelmaker. It marks Dongbei's ninth default of 2016. Owned by the Liaoning provincial government in China's northeast rust belt, Dongbei…

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Qatar Steel has decreased their rebar prices by QAR 75 (USD 21) per ton for October output. The new rebar price is at QAR 1425 (USD 391) per ton delivered from UAE plant. Emirates Steel rebar prices for October output is at AED 1,422 (USD 387) per ton EXW. Turkish…

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Indian steel giant Tata SteelBSE 0.61 % is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp. The company has…

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The Board of Investments is seeking Malacañang endorsement that would allow the P7.2- billion rolling steel mill project of Del Pilar Steel, Inc. (DPSI) to locate in any viable site in the country after it faced strong opposition from its original location in Plaridel, Bulacan. Documents dated September 20, 2016…

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Shares of U.S. Steel (X) were rising in early afternoon trading on Friday as Credit Suisse reiterates an "outperform" rating and $29 price target on the stock. The firm said that the Pittsburgh-based steel producer's stock is "very undervalued." "We view the sharp pullback in the stock price on the…

Friday, Sep 23, 2016
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Global steel production rose by 1.9% from a year ago in August, up from the 1.5% growth seen in July, according to the World Steel Association (Worldsteel). China is the main reason why steel output has risen by this much, but global output ex-China too has risen in the past…

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South African steel production fell 9.9% year on year (y/y) in August to an estimated 446,000 tons after an 11% drop in July and a 6.9% rise in June, according to the World Steel Association (worldsteel). The June result was the first y/y increase this year and followed a 16.3%…

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Four U.S. steel producers will file petitions with the U.S. Commerce Department charging Chinese producers with diverting shipments through Vietnam to avoid American import tariffs, a law firm representing one of the domestic producers said on Thursday. ArcelorMittal USA, Nucor Corp, AK Steel Holdings Corp and United States Steel Corp…