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Kardemir is a Turkish steel producer. The name is a contraction of the Turkish language Karabük Demir Çelik Fabrikaları, which means "Karabük Iron and Steel Works".
 | |
| Company type | Anonim Şirket |
|---|---|
| BİST: KRDMA | |
| Industry | Steel |
| Founded | 1937 |
| Headquarters | Karabük, Turkey |
| Products | Hot rolled round steel bars, steel beams and profiles, blooms, billets, beam blank |
| Revenue |  $2.17 billion
(2023) |
| $104 million (2023) | |
| $54 million (2023) | |
| Total assets |  $2.06 billion (2023) |
| Total equity | $1.27 billion (2023) |
Number of employees | 4,500+ |
| Website | www.kardemir.com |
Its main plant is located at Karabük in the Black Sea region of Turkey. Construction of the complex started in 1937 and finished in two years. Power plant was the first plant put into operation in 1939[1] and other plants became operative successionally within 2 years. Having functioned as a state-owned company for decades, Kardemir was privatized in 1995.
Kardemir burns coal in Turkey.[2] As an integrated steelworks emissions are higher than steel produced at electric arc furnaces.[3] They also own Karabük coal-fired power station.[4] Climate Trace estimates the plant emitted over 3.5 million tonnes of carbon dioxide in 2022, more greenhouse gas than any other steelmaker in the country except Erdemir and İsdemir.[5]
Kardemir is the main sponsor of Karabükspor.
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