Hurriyet Daily News reported that Turkish steelmaker Eregli Demir Celik has denied recent media reports suggesting that the company has made an offer to acquire British Steel. He told Borsa Istanbul on July 14: "We declare that this requirement is unrealistic, and Erdemir has no relationship with the company in question."
Erdemir, which is part of the Oyak Group, the country's pension fund, is one of the largest steel producers in the world. In the first three months of 2019, the company produced 2.4 million tons of liquid steel, which is 1.3 percent less than a year ago. Net sales of the steel company amounted to $ 1.33 billion, while Erdemir’s net profit for the first quarter was $ 186 million. that the company made a proposal to acquire British Steel, while Erdemir's net profit for the first quarter was $ 186 million.
