Fives Stein signed a contract with Xinyu Steel for the engineering, key equipment, assembly supervision and commissioning of a vertical furnace for a new continuous carbon-steel strip annealing line with a capacity of 750,000 metric tons per year. Out of the 11 continuous annealing lines built since 2005, nine are equipped with vertical furnaces with Fives Stein digital technology. China’s Xinyu Steel is an integrated steel plant with an annual capacity of 4 million metric tons. In the past four years, Xinyu Steel has extended its production to flat products through the acquisition of a hot-rolling mill that started operations in 2008, a cold-rolling mill currently being commissioned and now the continuous strip annealing line.