kobe steel to form jv with sdi for itmk3

Kobe Steel Ltd announced Nov. 21 it has reached agreement with Steel Dynamics, Inc (SDI) of the USA for Kobe Steel and SDI to construct an iron nugget making plant using Kobe Steel’s ITmk3 Process at Hoyt Lakes, Minnesota State. The agreement to formally confirm the launch of the commercial plant project was signed on Nov. 20, 2007, at SDI ‘s headquarters in Fort Wayne, Indiana state. The new facility, which will have an annual production capacity of 500,000 tonnes per year, is scheduled to start up in mid-2009.