Erdemir stock fell 1.51 percent as strategic steel gains attention

Published on 10/08/2026 at 06:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erdemir stock closed at TRY 36.52 on October 7, 2026, 19.0 percent below its 52-week high. June-quarter sales reached TRY 64.9 billion.

Erdemir, TRAEREGL91G3, Illustration mit AI erstellt.

Erdemir stock (ISIN TRAEREGL91G3) closed at TRY 36.52 on Borsa Istanbul on October 7, 2026, down 1.51 percent from the prior close. The steelmaker's latest operating figures and a new strategic-materials initiative provide the main reference points for the shares.

Strategic steel takes center stage

According to Ekovitrin on October 5, 2026, Erdemir presented high-performance steel for strategic Turkish industrial and defense projects at TEKNOFEST Southeast. The company also launched a Multifunctional Advanced Materials and Systems Competition, with applications scheduled to begin in November 2026.

The event highlighted steel planned for the MUGEM aircraft carrier project. Ekovitrin reported that approximately 40,000 tonnes of ship plate are planned for the vessel's hull and deck, with Erdemir identified as the producer.

June quarter shows higher sales

The latest reported period was June 2026. Yatirimci.AI lists quarterly sales of TRY 64.9 billion, EBITDA of TRY 6.6 billion and net profit of TRY 8.5 billion for 2026/6.

Sales were TRY 64.9 billion in 2026/6 versus TRY 41.4 billion in 2025/6, while net profit increased from TRY 1.3 billion to TRY 8.5 billion over the same reported periods. The comparison gives the market a clearer operating reference than the event headlines alone.

Stock remains below yearly peak

Erdemir's October 7 close stood 19.0 percent below the 52-week high of TRY 45.10 and above the 52-week low of TRY 23.46. Trading volume reached 58,093,801 shares, while the market capitalization was TRY 245.5 billion on the same date.

The immediate investor question is whether the stronger June-quarter figures can translate into sustained steel demand and margins. The strategic-materials program adds a longer-term industrial angle, but the stock's position below its yearly high keeps the operating trend and earnings durability central to the valuation.