Continuous Galvanizing Line News Today

Hyundai Steel, the steel affiliate of Hyundai Motor Group, has decided to sell its Beijing entity, crushed by a net loss of over 100 billion won ($70 million) over the past five years, according to market watchers, Thursday. The rapid losses of Hyundais China entity, Hyundai Beijing Steel Process, which marked a net loss of 49.6 billion won in 2021, was in line with the declining Chinese market presence of Hyundai Motor and its sister firm Kia, the major buyers of the steel affiliates products.

Tata Steel Limited has entrusted John Cockerill India Limited, with the manufacture and supply of Terminal Equipment for Continuous Galvanizing Line and Cold Rolling Mill to be installed at the clients Kalinganagar Works.

Hi-Tech Pipes Limited, one of the leading steel processing companies in India, has reported its Sales Volume Performance for the Quarter Ended 31 December, 2022.

Khalifa Economic Zones Abu Dhabi – Kezad Group has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomera..

VAMA builds new coating line to serve growing automotive market in China Valin ArcelorMittal Automotive (VAMA), a 50/50 joint venture between ArcelorMittal, the world’s leading steel company and Valin Steel, a leading Chinese steelmaker, has begun construction on a new continuous hot-dip galvanizing line at its facilities in Loudi, Hunan, which will enable the production of highly corrosion-resistant steel. The coating line, which will come onstream by July 2022, will increase VAMA’s capac...