Turkish rebar producer Izmir Demir Çelik Sanayi (IDC) has announced that it predicts its investment, which started in 2021 to increase the capacity of its melting shop, will be completed by the end of the year in line with market conditions, technical planning for procurement, delivery and assembly processes of the equipment. Previously, the investment was scheduled to be completed in the second quarter of this year.
The company plans to double the capacity of its melting shop from 1,400,000 mt to 2,800,000 mt with $100 million investment, as SteelOrbis previously reported.
