Steel News

Fives Bags Order for CGL Annealing Furnace

6/4/2024 - Baowu Group’s Ma’anshan Iron & Steel (Masteel) has contracted Fives to build a 450,000-metric-ton annealing furnace that will serve a new continuous galvanizing line. 

According to Fives, the Stein Digiflex furnace will be a part of a galvanizing line dedicated to processing automotive-quality advanced high-strength steels. 

“We look forward to launching this new continuous galvanizing line to further enhance our product quality and market competitiveness. We plan to build this new production line as a benchmark project in the steel industry together with Fives Group, which has rich experience in steelmaking technology and in which we have great confidence,” said Masteel Group chairman Yuxiang Jiang.