Turkish steel producer Kardemir has stated that it expects to record finished steel production of 2.06 million mt and finished steel sales of 2.13 million mt in 2016. In the same period, the company expects EBITDA margins of 10-12 percent.
Meanwhile, Kardemir foresees capital expenditure of $84 million in 2016, $118 million in 2017 and $50 million in 2018.