Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Fives has secured a major order from China’s Yongfeng Group to design and supply three annealing furnaces for a new steel production facility under construction in Linyi, Shandong Province. The furnaces will be installed across two continuous galvanizing lines and one continuous annealing line, supporting the plant’s plan to produce high-grade flat steel, including automotive sheets and advanced high-strength steels. Fives said the new vertical annealing furnaces will feature its AdvanTek combustion system for better energy efficiency, fuel flexibility and lower emissions, along with the FlashCooling rapid cooling system designed for operation with high hydrogen gas. The order marks an important technology partnership and highlights rising investment in premium steel processing capacity in China.
Also Read : Oil prices near 3-week highs on Middle East tensions, China demand Chinese Oversupply Pushes South Korea’s Steel Exports Toward Five-Year Low
Mining company Vedanta Ltd will invest $4 billion over the next three years to increase oil producti...
Mid Corporate 06-Feb-2024
Tata Steel, in partnership with TRL Krosaki, has launched a new sustainability initiative by introdu...
India 05-Sep-2025
The total amount of pig iron produced globally in March 2024 was 118.27 million tonnes, a 5% decreas...
Ferrous 24-Apr-2024
LMEL’s Q4 FY2024-25 net profit dropped by 27%. Revenue saw a significant increase due to high...
Business 29-Apr-2025
✔️ Coking coal import traffic down 9% in April-Feb FY 2024-25.✔️ Reduced steel production and relian...
Raw Material 12-Mar-2025
Southern Railway has been granted ₹12,173 crore for various rail development works for the financial...
Announcement 02-Feb-2024