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).