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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BSRM Steel has started production with enhanced capacity after successful completion of BMRE (balancing, modernisation, rehabilitation and expansion) work. This is considered as having reached a major milestone by the country’s largest steel manufacturer based in Chittagong, which is a sister concern of BSRM Group. The production commenced on Monday.…

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China will cut export taxes on steel billet and pig iron from the start of 2016, the finance ministry said on Wednesday, the latest move by the world's top steel producer to erode a domestic glut and offer a lifeline to the stricken industry. Exports of the two products are…

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German steel distributor Kloeckner & Co has completely written off the goodwill on its North American operations amid worse-than-expected market conditions, it said on Wednesday. Kloeckner said it was writing down 270 million euros ($297 million) of goodwill, leaving just an expected 30 million on the group's balance sheet by…

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India is readying to impose more curbs on steel imports, including introducing a safeguard duty, after a 20 percent import tax failed to contain losses for producers such as Steel Authority of India. SAIL, JSW Steel and Essar Steel have complained that surging imports from Indonesia, China, Japan, Russia, Ukraine…

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Tata has secured planning permission on a power station at its Port Talbot steel works. The power plant will be fuelled by gases generated as a by-product of the steel making process and will replace outdated equipment, helping to make the steel works less exposed to high energy costs. According…

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China will cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday, as part of a raft of measures aimed at boosting economic growth in the world's second-largest economy. It did not give details on the size of the cut. Tariffs…

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A subsidiary of Hoa Sen Group, one of Vietnam's biggest steel producers, has acquired a license to develop a VND2-trillion (US$87.48 million) mill in the central province of Binh Dinh. Work on the factory of Hoa Sen Nhon Hoi-Binh Dinh Co., Ltd. is scheduled to start this month and complete…

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The Steel Workers Union of Trinidad and Tobago Monday denounced the decision of the ArcelorMittal Point Lisas, a subsidiary of the world’s leading steel and mining company, to lay off 600 employees with immediate effect. The SWUTT said that the company, which is listed on the New York Stock Exchange,…

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An ArcelorMittal patent on lightweight steel that was rescued by a U.S. appeals court in May has been invalidated again on remand by a Delaware federal judge, who said the company has only itself to blame. U.S. District Judge Sue Robinson ruled in favor of defendant AK Steel and its…

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The former Wheeling-Pittsburgh Steel facility in Benwood will soon be home to a company doing business with the natural gas industry. The Intelligencer and Wheeling News-Register reports Dunbar, Pennsylvania-based JLE Industries has invested over $6 million to establish an 80,000-square-foot plant. It's expected to open in January and employ as…