Panchakanya, Nepal's largest steel-manufacturing company has launched high-quality thermo-mechanically treated (TMT) steel bars that the company says are best for large structures, and for earthquake-resistant buildings. The TMT steel bars used for large infrastructure were imported until now, and Panchakanya says that its new product can compare with any of the foreign brands. The TMT bars, produced using technology developed by the German Genningsdorier Stahl Engineering GmbH, are also said to be stronger and more resistant to rusting, which makes them more efficient than ordinary bars. Panchakanya is Nepal's largest steel producer and produces about 80,000 metric tons every year.