Steel News

Turkish Producer Plans New Blast Furnace

9/17/2019 - The board at Turkey's Kardemir has OK'd plans to build a new blast furnace, a move that will lift the company's hot metal capacity by 1 million metric tons, the company has said.

In a filing with Borsa Istanbul, Turkey’s securities exchange, Kardemir said the investment is part of a larger strategy to increase the its annual steel production capacity to 3.5 million metric tons. The filing did not reveal the size of the investment. 

Turkey's Hurriyet Daily News has more coverage here.