Türkiye’s industry Kardemir wins $11.2M rail export contract to Algeria

Karabuk Iron Steel Industry Trade & CO. INC. (Kardemir) has won a €10.3 million ($11.2 million) contract to export rails to Algeria.

The announcement, made via the Public Disclosure Platform (KAP), highlights a significant international deal for the Turkish steel manufacturer.

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Three-month delivery timeline

According to the statement, the contract stipulates that delivery of the rails will be completed within three months of the agreement date. This deal is a key export milestone for Kardemir, strengthening its presence in the international rail market.

Kardemir's factory in Türkiye. (AA Photo)

Boost for Turkish steel industry

This contract marks an important step for Türkiye’s steel industry, showcasing Kardemir's competitiveness and ability to secure major infrastructure projects abroad.

October 12, 2024 02:15 PM GMT+03:00