Erdemir traded at 40.04 this Thursday June 4th, decreasing 0.26 or 0.65 percent since the previous trading session. Looking back, over the last four weeks, Erdemir lost 7.58 percent. Over the last 12 months, its price rose by 70.09 percent. Looking ahead, we forecast Erdemir to be priced at 37.63 by the end of this quarter and at 33.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
Eregli Demir ve Celik Fabrikalari TAS is a Turkey-based company, which is engaged in the production of iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke and their by-products. The Company produces plates, hot and cold rolled, tin, chromium and zinc coated flat steel and supplies basic inputs to automotive, white goods, pipes and tubes, rolling, manufacturing, electrics-electronics, mechanical engineering, energy, heating equipment, shipbuilding, defense, and packaging industries. The Company’s subsidiaries include: Erdemir Asia Pacific Pte Ltd, Erdemir Celik Servis Merkezi Sanayi ve Ticaret AS, Erdemir Madencilik Sanayi ve Ticaret AS, Erdemir Muhendislik Yonetim ve Danismanlik Hizmetleri AS, Erdemir-Romania SRL and Iskenderun Demir ve Celik AS.