Turkey’s Ozkan mulls US scrap facility
Jan 24, 2013 | 04:03 PM
| Sean Davidson
Tags
scrap,
steel,
Ozkan Steel USA,
Ozkan Demir Celik,
Fehmi Nuhoglu,
Colakoglu Metalurji,
shipbuilding,
Sean Davidson
NEW YORK — A second Turkish steel producer is considering setting up a scrap recycling facility and steel mill on the Gulf Coast, but that doesn’t mean it’s a sign of things to come.
Houston-based Ozkan Steel USA LLC, the U.S. subsidiary of Turkish steel producer Ozkan Demir Celik Sanayi AS, is in the process of identifying a final location in southern Louisiana and expects to start the scrap recycling facility by June this year, a company executive confirmed.
M. Fehmi Nuhoglu, the company’s vice president for investments and strategic development, also confirmed plans to build a 300,000-tonne-per-year steel plant that would cater specifically to the shipbuilding industry. It would cost $150 million.....
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