14,495.77 TRY BIST 100 BIST 100
45.22 USD USD USD
6.66 CNY CNY CNY
53.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.22 TRY Interest Interest
108.41 USD Fossil Oil Fossil Oil
6.08 USD Copper Copper
110.28 USD Silver Silver
107.74 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,787.30 TRY Gold (gr) Gold (gr)
108.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

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

Automotive market contracted by 3.13% in the January–April period

Wednesday, May 6, 2026

USD 150 million investment from a stainless steel company in Sakarya and Dilovası

Wednesday, May 6, 2026

EMSTEEL Group signs agreement with Gulf Cryo for carbon reduction in the steel sector

Wednesday, May 6, 2026

EUROFER calls for priority to domestically produced low-carbon steel in the EU Industrial Decarbonisation Accelerator Act

Wednesday, May 6, 2026

Türkiye’s rebar exports increased by 46.1% year-on-year in March

Wednesday, May 6, 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