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With the new investment, IDC's share in crude steel production will increase to 7 per cent

Lastly, EDDMIB held its July Board of Directors meeting hosted by Izmir Demir Çelik San. A.Ş. (İZDEMİR) and received information about the company's new steel mill investment, projects, steel and energy production issues.

With the new investment, IDC's share in crude steel production will increase to 7 per cent

Halil Şahin, Chairman of the Board of Directors of İZDEMİR, said that the company, which was established in Aliağa Heavy Industrial Zone in 1975 to produce rebar, has been continuing its production in the sector for 47 years.

Şahin said, "The profile rolling mill with an annual capacity of 400 thousand tonnes, which we established in 2013 in order to expand the product range, carried us to the upper levels in profile production. We have billet for our own rebar production in our steel mill, bloom billet for profile rolling mill and ribbed rebar production between 08-040 mm in Integrated Rolling Mill Facilities. As İzmir Demir Çelik Sanayi, we produce 1.5 million tonnes of liquid steel, 1 million tonnes of ribbed rebar and 400 thousand tonnes of profile in an area of 550 thousand square metres in İzmir Aliağa Facilities."

Halil Şahin gave information about their new investments and emphasised that as Izmir Demir Çelik, they decided to double the size of the steel mill facility with new investments. Şahin said the following: "With our new investment, we aim to strengthen our position in the sector and increase our value-added exports by increasing our share in the current crude steel production from 3.5 per cent to 7 per cent. And of course, the new steel mill investment, which is the apple of our eye, is an investment with an annual production capacity of 1.6 million tonnes and will increase our company's share in crude steel production by 100 percent, and it is certain that our competitiveness will increase significantly thanks to the electric arc furnace with low electricity cost and high productivity."

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