October 10 (SeeNews) - Turkey's Iskenderun Demir ve Celik, or Isdemir, will propose to its shareholders a capital reduction to 483 million Turkish lira ($244 million/181 million euro) from 1.51 billion lira at present, its parent Eregli Demir ve Celik Fabrikalari [BIST:EREGL], or Erdemir, said.