Steel Network
13,407.44 TRY BIST 100 BIST 100
6.29 CNY CNY CNY
51.58 EUR EUR EUR
43.49 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
34.13 TRY Interest Interest
69.26 USD Fossil Oil Fossil Oil
13,407.44 USD Copper Copper
168.08 USD Silver Silver
102.66 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
7,761.05 TRY Gold (gr) Gold (gr)
102.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Çolakoğlu commissioned its second re-annealing furnace

According to the latest announcement by Fives Group, Çolakoğlu Metalurji has commissioned its second re-annealing furnace.

Çolakoğlu commissioned its second re-annealing furnace

French machinery manufacturer Fives Group announced that Çolakoğlu Metalurji, which has been growing in the iron and steel industry since 1945, has commissioned its second re-annealing furnace.

This new furnace aims to increase the company's production capacity and meet the increasing demand for steel. In particular, Stein Digit@l Furnace® technology, with a maximum capacity of 450 tonnes per hour, increases production efficiency by offering the capacity to re-anneal up to 40 tonnes of slab.

Sercan Bahadır, production engineer at Çolakoğlu Metalurji's hot strip plant, commented that the main basis for the company's decision to invest in a second furnace was the growth in the market: ‘In addition, some problems experienced in the existing furnace were causing a bottleneck in the company's hot strip plant. The new furnace is considered an important step to overcome this bottleneck and make production processes more efficient. When looking for reheating technology, we aimed for features such as capacity, efficiency and decarbonisation in line with our commitment to meet market demands while prioritising environmental sustainability.’

The installation of Çolakoğlu Metal's first re-annealing furnace was also carried out by Fives Group in 2023.

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

India becomes a key competitive threat for Turkish exporters

Tuesday, February 3, 2026

Thailand steel demand increased, imports and weak prices pressure the market

Tuesday, February 3, 2026

Liberty Galați’s assets will be put up for sale in March for EUR 690 million

Tuesday, February 3, 2026

Shanxi Jingang signs digitalization agreement with Primetals Technologies for Arvedi ESP line

Tuesday, February 3, 2026

Aegean Exporters Associations' export amounted to USD 1 billion 447 million in January

Tuesday, February 3, 2026
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