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 European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe's steel problems are due to the region's own economic weakness. The European Commission has determined that a complaint brought by EU steel makers' association…

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Luzheng trading and Laiwu Steel entered into hot rolled wide steel plate purchase agreement on 5 december Luzheng trading agreed to purchase hot rolled wide steel plate for a consideration of approximately rmb7.70 million Laiwu Steel agreed to sell and Luzheng Trading agreed to purchase hot rolled wide steel plate…

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China’s steel exports plummeted for the fourth straight month in November, showing that supplies from the world’s largest producer were wilting under a barrage of trade measures by other countries. Its exports of steel products in November dropped 16% compared with a year ago to 8.12 million tons, according to…

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Sajjan Jindal-led JSW Steel today posted a 45 per cent growth in crude steel production at 12.27 lakh tonnes in November this year. Its crude steel production stood at 8.45 lakh tonnes in November 2015, a company statement said. Among the rolled products, the flat products registered a jump of…

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Steel Partners Holdings Lp - deal for $17.80 per share in preferred units of steel partners Steel Partners Holdings Lp says steel partners currently owns approximately 64 pct of Steel Excel's outstanding shares Steel Partners Holdings-steel partners, through unit, to commence an exchange offer to acquire all of outstanding shares…

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Raw steel production in the Great Lakes region rose to 652,000 tons last week, or 3.5 percent, which was the third consecutive weekly increase after a six-week skid. Capacity utilization nationwide, however, was only 68.9 percent last week, the 12th straight week it’s been mired under 70 percent. That’s well…

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AK Steel (NYSE: AKS) said today that it will increase base prices for all of its stainless steel products, effective with shipments on January 1, 2017. For commodity sheet and strip, specialty sheet and strip, and pipe and tube sheet and strip products, the increase will be achieved through a…

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Chinese steel futures rose on Monday, supported by upbeat data and traders replenishing low stockpiles on expectations of firm demand next year, pulling up prices of raw material iron ore. Growth in China's services sector accelerated to a 16-month high in November, a private survey showed. The survey, along with…

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Tata Steel is edging closer to a deal with UK steel workers' unions to keep its troubled Port Talbot plant, the country's largest in south Wales, open until at least 2020, a media report said today. Union leaders will put a new rescue plan to its members this week, which…

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Industrial Tube & Steel of Kent is expanding its reach to the south with the purchase of a 40,000-square-foot facility in Mount Juliet, Tenn., the company announced Friday, Dec. 2. The metal and steel tubing supplier will begin services at the new location on Jan. 3, a news release stated.…