Reuters reported that Turkey's Icdas, a long steel producer plans to hold an initial public offering and may sell 15% stake in the offering.

Mr Bayram Yusuf Aslan co chairman of Icdas said that the company is ranked 13th among Turkey's top 500 enterprises according to its website. It plans to raise its production by 10% this year from 3.3 million tonnes in 2010.

(Sourced from Reuters)