Turkish integrated long steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has announced that it held a meeting with analysts and investors to discuss developments in the global and domestic steel sectors, its first quarter 2026 operational and financial results, investment expenditures, environmental projects, carbon footprint management, and compliance preparations related to the Carbon Border Adjustment Mechanism (CBAM).
According to the company, investment expenditures in the first quarter of 2026 totaled $15.57 million. Ongoing projects include environmental investments, research and development activities, the new PCI facility, KocksBlock installation, construction of a new coal blending silo, upgrades to raw material stockyards and wagon unloading systems, modernization of benzol towers, and construction of a new coke gas holder.
Environmental and CBAM investments prioritized
Environmental sustainability was highlighted as one of the company’s main strategic priorities.
Kardemir stated that it has accelerated investments in solar power plants while continuing efforts to comply with international environmental regulations, particularly CBAM requirements.
The company emphasized that environmental compliance and carbon footprint management remain critical for maintaining long-term competitiveness in export markets.
Kardemir returns to profitability in first quarter
In the first quarter of 2026, Kardemir posted a net profit of TRY 24.52 million ($540,402), compared to a net loss of TRY 1.94 billion in the same quarter of the previous year, while its consolidated EBITDA increased by 34.5 percent year on year to TRY 2.02 billion ($44.53 million).
During the January-March period, Kardemir’s crude steel production amounted to 633,759 mt, while its pig iron production totaled 652,649 mt. In addition, the company’s finished steel production reached 641,110 mt during the quarter.
According to the company, these results demonstrate Kardemir’s ability to sustain production performance despite volatile market conditions while maintaining cost discipline and financial stability.
Kardemir stated that it will continue focusing on strengthening sales performance, improving profit margins, and supporting competitiveness through ongoing investments during the remainder of 2026.