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 possible buyer has emerged for two under-threat steel plants in Lanarkshire but it is unclear if any deal would be enough to save them. Tata Steel is in exclusive talks to sell its Long Products business to venture capital firm, Greybull Capital. The business includes the Dalzell plant in…

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Tata Steel Ltd. has entered exclusive talks with Greybull Capital LLP to sell its European long-products steel business. The agreement covers its Scunthorpe steelworks in England, as well as mills in Teesside and northern France, the Indian company’s U.K. subsidiary said in a statement Tuesday. Tata said it’s too early…

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Investment firm Greybull Capital has emerged as a favourite to buy Tata Steel's struggling UK-based unit, in a move that could offer some relief to Britain's troubled steel sector. The country's largest steelmaker has been trying to sell its long products unit, which makes steel used in construction, since last…

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Two developments this weekend could push a resolution to labor disputes that have dragged on for months between the steel industry and its union. There was no connection between a tentative contract agreement U.S. Steel Corp. reached with the United Steelworkers union late Saturday and a decision a day earlier…

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Government action to address domestic and European Union policies that cripple Britain's steel sector are still not enough to secure the industry's future, a parliamentary committee report said on Monday. Nearly 4,000 jobs were lost in the British steel industry in October alone -- equivalent to about a fifth of…

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After anti-dumping and safeguard duties, the Union ministry of steel wants to plug another trade route to prevent cheaper imports. It has recommended that Rule 11(1)(c) for imposition of countervailing duty (CVD) be amended, so that a duty can be imposed on exempted categories of imports. Senior government officials explained…

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The future of Britain's steel sector is still not secure, despite increased action by ministers to address both domestic and EU-wide policies that cripple the industry, according to a government report published on Monday. Nearly 4,000 UK steel jobs were lost in October - equivalent to about a fifth of…

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U.S. Steel Corp. and the United Steelworkers union have announced tentative agreement on a new contract covering about 18,000 workers at more than a dozen facilities across the country. Neither side released details about the pact pending ratification by members of more than two dozen locals unions at the facilities.…

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The European Commission has ordered that imports from China of steel used to reinforce concrete be subject to registration, meaning that tariffs would be applicable from this month should it determine the product is being dumped in Europe. The Commission launched an anti-dumping investigation into imports of high fatigue performance…

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AK Steel Holding Corp. projected a bigger-than-expected loss for the fourth quarter on one-time items, including expenses related to the idling of a Kentucky blast furnace and a write-down of its former insurance operations. The West Chester, Ohio, steelmaker expects to post a per-share loss of between 33 cents and…