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Ussuri Capital, a Turkish investment firm, plans to set up a cutting-edge low-carbon flat-rolled steel plant in Romania, BalkanEnigneer.com has learned from gmk.center. The project, following a comprehensive feasibility study completed in March, is currently in the site selection phase.
Scheduled to begin operations between 2027 and 2030, the facility will feature an electric arc furnace with an annual capacity of 1.2 million tonnes of steel, along with a continuous casting line capable of producing 1.2 million tonnes of hot-rolled coil annually using secondary raw materials from local sources. Initial capital expenditure is estimated at €160 million for phase one, with a further €700-800 million planned for phase two.
Ussuri Capital anticipates significant revenue growth from downstream operations, with revenue forecast to reach €324 million within two years of the new Phase 1 plant coming on stream.
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