Turkey’s Kardemir inks credit deal to finance new steel billet concaster

On June 15, Turkish steelmaker Kardemir announced that it has signed an 11-year credit facility agreement with Turkish bank Turkiye Is Bankasi for financing of €17,850,000 ($25,182,000) to be provided domestically for the new steel billet and bloom continuous caster project included in the investment program of the company. Repayments will not be made for the first three years of the agreement.
 
As SteelOrbis previously reported, the total investment for the continuous caster project amounts to €35 million ($49.33 million).