Eregli Demir ve Celik Fabrikalari TAS - Company Profile
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Eregli Demir ve Celik Fabrikalari TAS (Erdemir) is a steel manufacturer. Working capital surplus, focus R&D, manufacturing capabilities and end-user markets are the company’s key strengths, even as poor operating performance remains a cause for concern. Recovery of global steel demand, technological advancement and a positive outlook for global iron ore mining could provide new opportunities for the company. However, increasing labor costs in Turkey, raw materials procurement risks and intense competition could affect the company’s performance.
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