- Business
- Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş. Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş. (KRDMD.IS) manufactures and sells iron, steel, and coke products in Turkey. The company produces steel products including blooms, billets, and beam blanks; rolling mill products such as hot-rolled round steel bars, deformed rebars, steel nip beams, profiles, railway rails, wheels, and billets; coke products comprising cast, metallurgic, and nut coke, ammonium sulfate, pressed naphthalene, tar paint, carbolic oil, benzole, refined and washed oil, and crude tar; and other products like pig iron, granule blast furnace slag, sodium sulfate, metallurgical lime, oxygen, nitrogen, argon, and GI and TH sections for mine support. Founded in 1937 and headquartered in Karabük, Turkey, Kardemir operates primary production facilities in Karabük, serving domestic industry and exporting to over 110 countries, with a crude steel capacity exceeding 2.5 million tons annually.
In recent developments, the company increased crude steel production by 4.8% to 2.51 million tons and net finished products by 3.22% to 2.39 million tons in 2024, while boosting exports by 47.2% and achieving record levels in 14 production areas. Kardemir signed a strategic cooperation agreement with AMSTED Rail, the U.S.-based global leader in railroad equipment, to enhance innovation in high value-added products like railway rails, wheels, and wheel sets targeting Europe, the Middle East, North Africa, and South America. It also partnered with Primetals Technologies for digital transformation in sinter plants and plans investments in a large-section rolling mill to raise rolled products capacity by 50% to 2.3 million tons annually, alongside a 2025 sales target of 2.5 million tons and 10% turnover growth.