Kardemir traded at 41.98 this Friday May 15th, decreasing 0.82 or 1.92 percent since the previous trading session. Looking back, over the last four weeks, Kardemir lost 17.53 percent. Over the last 12 months, its price rose by 72.76 percent. Looking ahead, we forecast Kardemir to be priced at 39.00 by the end of this quarter and at 34.79 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Kardemir) is a Turkey-based company engaged in the manufacture and sale of iron, steel and coke products and their derivatives. The Company’s products are divided into four groups: Steel Products, including blooms, billets and beam blanks; Rolling Mill Products, such as hot-rolled round steel bars and deformed bars, steel nip beams, profiles, rails and billets; Coke Products, comprised of cast, metallurgic and nut coke, ammonium sulfate, pressed naphthalene, tar paint, carbolic oil, benzole, refined and washed oil and crude tar, and Other Products, such as pig iron, granule slag, oxygen, nitrogen and argon. The Company's production facilities are located in Karabuk. The Company’s subsidiaries are Karcel Karabuk Celik Yapi Imalat Montaj Insaat Nakliyat Turizm San.ve Tic.AS, Enbati Elektrik Uretim Sanayi ve Ticaret AS, and Kardemir Dokum Makina Sanayi ve Ticaret AS.