Kardemir Çelik will collect investor demand for its initial public offering (IPO) between July 22 and 24, 2026. The IPO, priced at TRY 35 per share, is expected to have a total size of approximately TRY 4.48 billion, with a free float ratio of 15.42%. The proceeds from the offering are planned to be used for production capacity expansion investments, modernization projects, working capital needs, and renewable energy investments.
Operating seven production facilities in İzmir and Denizli, the company has an annual production capacity of 2.5 million tonnes. Kardemir Çelik produced approximately 1.8 million tonnes of steel in 2025, while increasing its annual revenue by 13% to TRY 23 billion. In the first quarter of 2026, revenue rose by 8% year on year, with exports accounting for 58% of total sales.
Through its ongoing large-size section mill investment in Aliağa Bozköy, the company aims to expand both its product range and production capacity. The investment is expected to contribute approximately 25% to exports, while strengthening Kardemir Çelik's position in key export markets, particularly Europe, the United States and North Africa.
In addition, the company plans to increase its renewable energy capacity from the current 24.7 MW to 71.9 MW through new solar and wind power projects. Kardemir Çelik continues to focus on digitalization, low-carbon production technologies and R&D activities related to high value-added steel products, while targeting revenue growth of 20-30% in 2026.
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