9,997.66 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.96 USD USD USD
36.72 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.63 TRY Interest Interest
74.01 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.17 USD Copper Copper
104.37 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,653.16 TRY Gold (gr) Gold (gr)

JFE Steel to build a new galvanizing line with a 70 billion yen investment

JFE Steel will build a new galvanizing line at its Fukuyama facility in Japan with an investment of 480 million USD. The line, which is scheduled to be operational in 2028, will have an annual production capacity of 360,000 tons, meeting the demand for ultra-high-strength steel in the automotive sector.

JFE Steel to build a new galvanizing line with a 70 billion yen investment

JFE Steel Corporation announced that it will invest approximately 70 billion yen (approximately 480 million USD) to build a new continuous galvanizing line (CGL) at its West Japan Works facility in Fukuyama, Japan. The line, which is scheduled to be operational in October 2028, aims to produce 360,000 tons of alloyed hot-dip galvanized steel sheets per year, meeting the demand for ultra-high-strength steel in the automotive sector.

The automotive industry is turning to lightweight and durable materials due to tightening environmental regulations, higher fuel efficiency and safety standards. JFE Steel’s advanced technology products, such as the JEFORMA® series, reduce vehicle weight without compromising structural integrity and safety.

The company’s new investment also stands out with production methods that increase the sustainability of steel. In particular, the electric arc furnace (EAF) technology, which reduces carbon emissions by using recycled scrap steel, positions steel as an environmentally friendly solution.

The rise of electric vehicles (EV) and the growth of automotive production in the Asia-Pacific region are increasing demand for the steel sector. This expanding market, led by China, India, Japan and South Korea, supports the need for innovative steel solutions.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China's steel output declines m-o-m in November, maintains y-o-y rise

Tuesday, December 17, 2024

EU reviews safeguard measures for imports of certain steel products

Tuesday, December 17, 2024

DEXIN Steel signs USD 100 million loan agreement with UOB Indonesia

Tuesday, December 17, 2024

SSAB Europe appointed Tony Harris as the new president

Tuesday, December 17, 2024

EMSTEEL Group receives green industry label certificate

Tuesday, December 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now