On March 29, Turkish steelmaker
Kardemir announced that it has signed a contract with
Switzerland-based equipment supplier for long product steel
production SMS CONCAST of SMS Group for the supply of a new steel
billet and bloom continuous caster.
Accordingly, with a contract value of €14 million ($19.72 million) SMS CONCAST will supply a continuous steel
billet and bloom plant with an annual
production capacity of 1.2 million mt. The plant is scheduled to be completed within 11 months.
Kardemir has also said that the total investment for the project amounts to €35 million ($49.33 million).