May 2026
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Largest Metals & Mining Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Erdemir, İsdemir, Koza Altin, CVK Maden and Kardemir.
 | Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market. | $1 | +60% | $6B | $6B | 1.3x | 11.1x | ||
| Iskenderun Demir ve Celik AS is engaged in the production and sale of iron products, flat and long steel products, and their by-products. The company's main products are billet, slab, coil, plate, and wire rod and by-products are coke, benzol, ammonium sulfate, and slag. | $1 | +53% | $3B | $3B | 1.2x | 13.7x | ||
| Turk Altin Isletmeleri AS , formerly Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey. | $1 | +96% | $3B | $3B | 7.6x | 19.1x | ||
| CVK Maden Isletmeleri Sanayi ve Ticaret engages in manufacturing and fully exporting concentrated and lumpy chromite ore, concentrated lead-zinc, copper and silver ore products, and marble and travertine natural stone products. Its products comprise Lead Concentrate, Chrome Concentrate, Zinc Concentrate, and Gold. | $1 | +246% | $1B | $1B | 18.8x | 50.5x | ||
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS is a Turkey-based company that is primarily engaged in manufacturing and selling of raw iron and steel products, coke, and coke byproducts. Its steel products include pig, blooms, billets, ribbed construction steel, profiles, mine poles, and all types of rails. Billet products and round products account for the majority of the company’s steel product volume. The company’s products are used in the construction, mining, transport, and industry sectors. Most of the company’s revenue is generated from the Turkish domestic market. | $1 | +72% | $1B | $1B | 0.8x | 7.8x | ||
| Politeknik Metal Sanayi ve Ticaret AS is engaged in the manufacturing of aluminum surface treatment chemicals. The company's products include Anodising chemicals, Powder Coating Pre-Processing, and Anodising Plant Equipment. | -- | -- | $576M | $576M | 212.2x | 811.0x | ||
| Kocaer Celik Sanayi ve Ticaret AS manufactures steel products. The company manufactures and sells a wide range of steel products, including merchant bars, universal beams, channels, mining and tunneling steel profiles, and specialized steel profiles for sectors like solar energy infrastructure, energy transmission lines, structural steel, transportation, mining, tunneling, shipbuilding, agriculture, machinery manufacturing, and defense. | $0 | -13% | $502M | $567M | 1.1x | 9.2x | ||
| Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries. | $0 | +49% | $249M | $765M | 0.5x | 8.2x | ||
| Visne Madencilik Uretim Sanayi Ve Ticaret AS is engaged in the production of limestone, gravel, oven stone, lump lime, slaked lime, and substances and materials containing lime or mixed with lime, and soil industry products. The company is also engaged in the establishment, renting, leasing, and operation of all kinds of mining and lime production facilities. | $2 | -81% | $212M | $203M | 6.5x | 24.1x | ||
| Median | $1 | +56% | $1B | $1B | 1.3x | 13.7x |
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