Having conducted millions of dollars worth of exports with the United States and European countries in the past and supplied products to important markets worldwide, Nalbantoğlu Demir Inc. has also been affected by the recent inflation in Türkiye and global economic downturn.
While present conditions pose serious challenges for many businesses, Nalbantoğlu Demir, which has proven itself in the sector, was also affected by this situation. The company, unable to overcome the financial crisis, had to apply to the court.
As the number of bankrupt companies and organizations increased by 2024, this also had a negative impact on major companies in the iron and steel sector. In the application made to the 2nd Commercial Court of Antalya, the company requested protection due to financial problems. The court first temporarily protected the company. The process continued with the court rejecting the concordat request and lifting the protective measures. This situation accelerated the bankruptcy process of Nalbantoğlu Demir Inc.
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