Turkey’s Kardemir to produce wire rod and premium quality round bars

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.