Dear Shareholders;

The positive market conditions in the first nine months of 2008 were unexpectedly shaded by the events in the last quarter.

Dear Shareholders,
In 2006, ISDEMIR has experienced important developments from its production to its sales, from its investments to improvements made in costs and energy savings, with the help of the synergy created in ISDEMIR under the framework of OYAK. 

Priority projects were started with the transfer of İSDEMİR to ERDEMİR in 2002. Modernization and Transformation Investment (MTI) projects have been started while priority projects were going on, for the purposes of modernization of existing facilities and transformation from long to flat products, removal of the bottlenecks, productivity, quality improvements, cost reduction and etc.