India turns net exporter of finished steel in FY26 Global scrap market faces tighter supply pressure Indian steelmakers urged to act on decarbonisation Royal Steel eyes global demand for structural steel
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 : China Steel Industry Emissions Fall 12.2% in February Iron Ore Prices Slip as China’s Steel and Property Sectors Show Weakness
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