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16 Feb

Kardemir to invest $1.5 billion within five years

Turkish integrated steel producer Kardemir plans to invest TRY 46.2 billion ($1.5 billion) in the next five years and targets increasing its crude steel production to 3.5 million tonnes/year from 2.5mt, Kallanish notes. Speaking to the press, Kardemir chairman Ismail Demir highlighted the firm has prepared strategic plans within its vision of contributing to domestic industrial production and producing strategic and high-value-added products. Added value and prof…
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