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Focus on the Indian steel market

Fives sponsored the Steel Tech Seminar and presented its best available reheating technology which features fuel flexibility, low energy consumption and extremely low emissions. The Steel Tech Seminar took place on October 16, 2023, in Kolkata, India.

Fives at the Steel Tech Seminar 2023


Sustainable growth with best available technology

The Steel Tech Seminar focused on strategies for sustainable growth and profit maximization for steel plants in India. The country is now the second largest steel producer in the world, with a forecasted steel capacity of 300 million tonnes per year by 2030. However, due to high energy consumption and dependence on imported technology, Indian steelmakers need to innovate and grow to remain competitive.

 “We work with steelmakers around the world to help them increase their productivity, improve quality, expand product portfolios and reduce carbon emissions. Our detailed presentation on the best available reheating technology - Stein Digit@l Furnace® - provides the industry with the most cost-effective and digitally supported reheating solution,” says Asis Das, Vice President – Projects at Fives Stein India Projects, a subsidiary of Fives Group in India.

New developments for reheating furnaces

On the same day, industry experts met at the workshop “Operation and Maintenance of Reheating Furnaces”, organized by JSW Steel and the Indian Institute of Metals at Vidyanagar Works, India.

Together with other steel experts and technology providers, Fives discussed the best strategies for the future of Indian steelmaking, focusing on technologies to increase efficiency, improve productivity and reduce energy consumption.

“Over the past few years, we have installed and upgraded several reheating furnaces at JSW Steel. Our goal was to optimize the overall heat distribution of the furnaces, reduce NOx emissions and improve energy efficiency. Today, we showcased our green technologies for reheating furnaces and have laid out a technology path towards decarbonization in this sector,” adds Arup Majumder, Assistant General Manager at Fives Stein India Projects.