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Turkish steel producer Erdemir has acquired magnesia and refractories major Kümaş from Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. and Yıldız Holding A.Ş. for US$340 million. The share transfer agreement was signed on 4 January 2021.
SMS group's Paul Wurth subsidiary has won contracts to build replacement blast furnaces for Turkey's Erdemir Group: one at Erdemir's Ereğli works (5,000 t/day) and one at Isdemir works (7,900 t/day). The furnaces are to be blown-in in March and May 2021.