Turkish metallurgical company Kardemir announced plans to create a new blast furnace with an annual capacity of 1 million tons. Kardemir Steel said in a statement to Borsa Istanbul that “as part of its goal of producing 3.5 million tons of steel, as well as increasing productivity and productivity, the Board of Directors decided to create a new furnace”
. However, the management of the company did not provide financial data, such as the estimated cost of construction, the volume of new investments. In the first half of this year, the company's liquid steel production reached 1.16 million tons, which is slightly lower than 1.2 million tons of production for the same period in 2018. Primary sales totaled 1.19 million tons in January-July compared with 1.12. million tons a year ago.
