Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkish major steel producer Çimtaş steel and South Korean steelmaker Posco have agreed to join hands for the supply of steel volume to be used in the construction of the world’s largest suspension bridge- Canakkale bridge. The bridge across the Dardanelles strait will connect Europe and Asia.  


The two mills will supply 35,000mt heavy steel plate for the tower structures, cabling systems, and road surface;  52,000mt steel plates for the bridge deck and 41,000mt of steel wire rods to support the bridge.


The bridge construction will use around 128,000mt of steel, which entails an investment of $3bn and is scheduled to open in 2023. The bridge will also ease transport and logistic activities between these continents.


The suspension bridge will span across 320km and connect the Anatolian peninsula and East Thrace. The estimated length of the bridge is 4,608metres. The bridge which designed to stretch 318meters into the sky will be the fourth tallest in the world. 

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