Turkish integrated long steel producer
Kardemir has announced that it plans to produce
wire rod and premium quality steel round bars. The company stated that it has decided to work on a new
wire rod and premium quality steel round bar mill investment within the scope of its strategic management plan. The new mill will be integrated into
Kardemir's 3 million mt per year production capacity.
As SteelOrbis previously reported, last week
Kardemir signed a 12-year credit facility agreement with Turkish bank Turkiye Is Bankasi for $80 million to finance its investment in increasing its meltshop converter capacity.