Yükselen Çelik company received approval from the Capital Markets Board (CMB) on January 26 to issue bonds up to 500 million TL. In the first step, a partial transaction was carried out and a bond supply of 50 million TL was made to qualified investors through TEB Investment.
For the first time in Turkey, a steel service center realized a bond issuance thanks to this transaction.
Yükselen Çelik, which has been operating in the field of value-added products in the steel industry since 1976, sets an example for many steel service centers in Turkey with the diversity of financial instruments it offers, as well as the capital markets.
Yükselen Çelik's successful integration of complex and comprehensive financial instruments into the Turkish industry, in addition to the investments it has made and the facilities it has established, has an important place in the growth of the sector.
Yükselen Çelik, which started to use the credit insurance tool in credit insurance for the first time in Turkey in 2007, acts as a market determinant with its financial instruments and P&D/R&D activities, revealing a sustainable performance in terms of the company's growing market share and increasing profitability.
Yükselen Çelik, which will launch its new steel service center located in Kocaeli's Dilovası district in the second half of 2023, is expected to increase its capacity, as well as its partnership named Yükselen Çelik, which it has recently established in the Chicago region of the USA. In addition to the growth effect of this capacity increase in the domestic market, the positive effects of the company's export activities are expected to be seen by 2024.
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