Erdemir

This article is about the steel producer. For other uses, see Erdemir (disambiguation).

Ereğli Demir ve Çelik Fabrikaları T.A.Ş. is a Turkish steel producer. The name is a contraction of the Turkish language Ereğli Demir ve Çelik Fabrikaları, which means "Ereğli Iron and Steel Factories". Erdemir occupies the 43rd place among the largest steel companies in the world^[2] and is also involved in coal in Turkey.^[3]

Ereğli Demir ve Çelik Fabrikaları T.A.Ş.

Steel works of Erdemir
Company type	Anonim Şirket
Traded as	BİST: EREGL
Industry	Steel Manufacturing
Founded	1967
Headquarters	Zonguldak, Turkey
Products	plates, hot and cold rolled sheet and tinplate
Revenue	US$6.242 billion (2023)[1]
Operating income	US$0.562 billion (2023)[1]
Net income	US$0.388 billion (Q3 - 2024)
Total assets	US$11.910 billion (2024)
Total equity	US$6.852 billion (2024)
Owner	OYAK
Number of employees	12.487 (2023)
Website	www.erdemir.com.tr

History

Erdemir, which began production in 1965, has a production capacity of 8.5 million tons/year of crude steel (2020 value).^[4] It is the largest iron and steel company in Turkey^{[citation needed]} and was the only flat steel producer till January 2009. It produces plates, hot and cold-rolled sheet and tinplate.^{[citation needed]}

Its main plant is located on an area of approximately 4 km² (1.5 sq mi) at Karadeniz Eregli, Zonguldak on the shore of the Black Sea. Erdemir operates a large seaport, the Port of Erdemir, to import and export materials.^{[citation needed]}

Erdemir has Port of Erdemir also acquired the steel plant at İskenderun, Hatay Province in southern Turkey.^{[citation needed]}

Turkish Armed Forces Pension Fund (OYAK) acquired a 49.29% stake in Erdemir on 4 October 2005 for $2.77 billion in a televised auction, in which it outbid several major steel companies. The fund acquired 46.12% from the Turkish Privatization Administration (OIB) and it was also obliged to purchase an additional 3.17% stake from a Turkish bank.

See history of Erdemir Group since 1954.

Pollution

Erdemir burns coal in Turkey. As an integrated steelworks, emissions are higher than steel produced at electric arc furnaces.^[5] Climate Trace estimates the plant emitted almost 5 million tonnes of carbon dioxide in 2022, more greenhouse gas than any other steelmaker in the country except İsdemir.^[6] However the company says they are moving towards net zero emissions.^[7]

List of 50 Projects

The Turkish chamber of Civil engineers lists Erdemir as one of the fifty civil engineering feats in Turkey, a list of remarkable engineering projects realized after the declaration of the Turkish republic.^[8]

See also

• List of steel producers
• List of companies of Turkey
• Erdemir SK, Basketball club of Erdemir
• Port of Erdemir