10,217.17 TRY BIST 100 BIST 100
4.50 CNY CNY CNY
34.76 EUR EUR EUR
32.28 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.91 TRY Interest Interest
83.66 USD Fossil Oil Fossil Oil
27.11 USD Silver Silver
4.61 USD Copper Copper
117.55 USD Iron Ore Iron Ore
384.00 USD Ship Dismantling Ship Dismantling
2,406.24 TRY Gold (gr) Gold (gr)

İsdemir launched its new investment worth 79.5 million dollars

İskenderun Demir ve Çelik AŞ (İsdemir) launched its new investment worth 79.5 million dollars.

İsdemir launched its new investment worth 79.5 million dollars

İsdemir, one of the leading companies of the Türkiye heavy industry, commissioned its new investment, the Vacuum Degassing Facility (Twin type RH-OB), which it has implemented in line with this goal, at a ceremony held yesterday. İsdemir made an investment of 79 million 500 thousand dollars for the facility with a production capacity of 1 million 200 thousand tons/year.

Construction work has begun for the facility, which has been tested with simulation studies to enable the production of high-quality clean steel. In order to determine the most suitable location for the facility where high quality clean steel will be produced, steps were taken such as evacuating the Tundish Maintenance and Preparation Facility and establishing a new facility in another region. Afterwards, the construction of the Vacuum Degassing Facility Investment Project started.

Hot tests, which are another important phase of the project, started as of March 25, 2024, at the RH-2 Station of the project, in which Erdemir Engineering is involved with all departments, and 30 castings have been carried out at the station to date. At RH-1 Station, where cold tests continue, production is planned to start in June this year after the tests are completed. With the full capacity commissioning of the Twin Type Degassing (RH-OB) Facility, İsdemir will add various grades of high-end steel to its product portfolio.

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

Taiwanese company Feng Hsin cuts rebar and scrap prices

Monday, May 6, 2024

Kocaer changes dividend decision

Monday, May 6, 2024

Despite US Steel's mixed first-quarter results, CEO optimistic about the future

Monday, May 6, 2024

Wire mesh prices dated May 6th announced in Türkiye

Monday, May 6, 2024

Rebar imports of Türkiye decreased by 35.9% in January-March period

Monday, May 6, 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