10,319.96 TRY BIST 100 BIST 100
4.49 CNY CNY CNY
35.03 EUR EUR EUR
32.22 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
116.38 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Hasçelik will minimize its carbon footprint with new investment

Attending Wire&Tube, one of the wire and tube fairs held in Düsseldorf, Germany, Hasçelik announced that it aims to reduce its carbon footprint with the construction of a new electric arc furnace steel plant.

Hasçelik will minimize its carbon footprint with new investment

Expanding its steel production for the automotive, mechanical engineering and aerospace sectors, Has Çelik said it aims to reduce its carbon footprint with a new electric arc furnace steel plant under construction in Bilecik.

According to a statement released by the company, production activities are planned to start in the last quarter of 2024. The 55-year-old steel company unveiled its new €35 million investment, Crombar, at the fair. It will feature a new EAF mill, electromagnetic liquid steel mixing system, ladle furnace and double vacuum degasser.

Hasçelik CEO Adnan Naci Faydasıçok stated, "With the new facility, the infrastructure production processes have been completed by providing the first and only length-based traceability of steel bars and pipes in the world. We will continue to add value to our customers with all our colleagues in the following processes with our service approach that works in continuous packaging and micron tolerances and does not compromise on product quality."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Brazil sees decline in semi-finished steel exports through April

Friday, May 17, 2024

US ssteelmakers set cautious growth expectations for 2024

Friday, May 17, 2024

Indian steel industry struggles in the face of Chinese imports

Thursday, May 16, 2024

The price outlook for Chinese steel products in the second half of May 2024

Thursday, May 16, 2024

Saudi pipelines secures dual deals with Aramco worth millions

Thursday, May 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now