Akmetal Metallurgical Industries

What Akmetal Metallurgical Industries does

Akmetal Metallurgical Industries Corp. is a privately held, family-owned Turkish steel foundry and forging company founded in 1963, headquartered in Istanbul (Tuzla district). The company produces high-integrity steel castings ranging from 10 kg to 14 tons and open die forgings up to 7 tons in stainless, low alloy, and carbon steels, plus specialty remelting ingots for other foundries. Its integrated production chain runs in-house from melting (Electric Arc Furnace and four Induction Furnaces totaling ~20.25 MT capacity) through AOD Converter secondary refining, simulation (Magmasoft/Novacast), moulding, fettling, heat treatment in API 6D / AMS 2750D calibrated furnaces, and full destructive/non-destructive quality inspection.

Akmetal serves prominent OEM customers across eight industrial verticals: offshore, mining, massive lifting, marine, energy, pressure equipment, paper and pulp, and general engineering. The business holds critical third-party certifications — ABS, Bureau Veritas, DNVGL, Lloyd's Register, and PED 2014/68/EU — that gate entry into marine, offshore, and pressure-equipment supply chains. The company operates a Government Supported R&D Center (since 2018), runs a custom ABS ERP system developed with Lean Institute, and maintains 12 quality personnel with Level 2/3 NDT certifications. It claims to be the only Turkish steel foundry with an AOD Converter (installed 2009), enabling production of elevated-temperature grades such as C12A/P91 with very low carbon, sulphur, and hydrogen content.

The business model is direct enterprise field sales to OEM customers with no disclosed distribution network or public pricing. Akmetal attends industry trade shows (Ankiros, CastForge) for lead generation and serves global markets primarily within EMEA. Pricing is quote-based, dependent on specification, material, quantity, and complexity. The company has remained under third-generation family ownership with no institutional investors, no public listing, no disclosed funding rounds, and no M&A activity in the available record.

Name

Akmetal Metallurgical Industries

Legal name

AKMETAL Metallurgical Industries Corp.

Website

https://akmetal.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

Akmetal Metallurgical Industries is a family-owned Turkish steel foundry and forging company producing high-integrity steel castings (10 kg–14 tons) and open die forgings (up to 7 tons) for OEM customers in offshore, mining, marine, energy, lifting, and pressure-equipment industries.

Ownership category

akta.pro rank

Product category

Steel Foundry and Forging

NAICS

Primary Metal Manufacturing (331), All Other Fabricated Metal Product Manufacturing (33299)

SIC

Miscellaneous Primary Metal Products (3390), Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD)

Keywords

• Steel castings
• Open die forgings
• Stainless steel foundry
• Metallurgical manufacturing
• Industrial forging

Headquarters

HQ city

Tuzla

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Steel Castings: Manufacture and sale of high integrity steel castings ranging from 10KG to 14 tons in stainless, low alloy, and carbon steels. Sold directly to OEM customers in various industrial sectors.
2. Open Die Forgings: Production and sale of open die forged steel parts up to 7 tons including shafts, discs, rings, and special shapes in special materials. Ingots cast in-house using AOD converter.
3. Remelting Ingots: Production of remelting ingots including pure iron for foundries that need highly specified steels. Sold to other foundries without own melting capabilities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Akmetal Metallurgical Industries Corp. is a Turkish steel foundry and open die forging manufacturer producing high-integrity stainless, low alloy, and carbon steel castings (10 kg to 14 tons), open die forgings (up to 7 tons), and specialty remelting ingots. The company operates integrated melting (Electric Arc and Induction Furnaces), AOD secondary refining, forging, heat treatment, and quality inspection under one roof, serving OEMs in offshore, mining, marine, energy, pressure equipment, massive lifting, paper and pulp, and general engineering sectors.

Product overview

Akmetal Metallurgical Industries is a steel foundry and forging company offering a unified portfolio of metal casting and forging products. The core offerings include Steel Castings (10 kg to 14 tons), Open Die Forgings (up to 7 tons), and Remelting Ingots for specialty steel supply. These products are manufactured using integrated production capabilities: Electric Arc Furnaces (8 MT), Induction Furnaces (8 MT, 3.5 MT, 0.75 MT), and AOD Converter for secondary refining. The company serves specific industry verticals (Offshore, Mining, Marine, Energy, Pressure Equipment, Paper and Pulp, Massive Lifting, General Engineering) with custom components tailored to each sector's requirements, providing complete solutions from casting through heat treatment and quality inspection.

Differentiator

Problem solved

Functional benefit

Products and services

• Steel Castings High integrity steel castings ranging from 10 kg to 14 tons in stainless, low alloy, and carbon steels, produced using Electric Arc and Induction Furnaces combined with AOD converter for secondary steel making. Sold to OEM customers across multiple industrial sectors.
• Open Die Forgings Open die steel forgings up to 7 tons using a 1000 MT two-column pulldown oil hydraulic press and 6 MT rail bound manipulator, producing unique shapes and special materials including shafts, discs, rings, and custom forms.
• Remelting Ingots Specialty remelting ingots including pure iron (C < 0.01%, S < 0.003%, N < 30 ppm) and other high-specification steels for foundries requiring specific material compositions and lacking own melting capabilities.
• Offshore Industry Components Components for offshore jack-up systems including planetary gear castings (400 kg to 5800 kg), brackets, flanges, pinions, shafts, and gears produced in high strength low alloy materials for harsh marine environments.
• Mining Industry Equipment Steel castings for mining equipment including hydraulic shovels, underground longwall mining machinery, jaw crushers, and rotor disc crushers, with parts such as bearing forks, bells, beams, sprockets, clevis, linkages, pitmans, front and rear ends.
• Marine Industry Equipment Marine equipment parts including chainwheels, gearwheels, rudders, tillers, rudder shafts, propellers, and blades with manufacturer approvals from Lloyds Register of Shipping (LRS), Bureau Veritas (BV), American Bureau of Shipping (ABS), and DNVGL.
• Energy Industry Parts Parts for steam turbines, hydro power plants, and energy industry including columns, diffusers, covers, blades, guide vanes, hubs, and valve bodies in elevated temperature steels (C12A/P91) and stainless steels.
• Pressure Equipment Components Pressure equipment components including globe, gate, and check valve bodies, spiral valves, volute cases, discs, and covers in duplex, super duplex, carbon, low, and high alloy steels with PED 2014/68/EU approval.
• Massive Lifting Equipment Critical parts for massive lifting machines including sheaves, hooks, travers, nuts, sockets, swivels, shackles, and forks with surface hardening capabilities for high-load applications.
• Paper and Pulp Industry Parts Machinery parts for the paper and pulp industry including bearings for paper mills, rotors, segments, and stators in low alloy and duplex stainless steel.
• General Engineering Products General engineering products including plastic and metal injection machine platens, gears, eccentric gears, and press platens backed by over 50 years of foundry experience.

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Aubert & Duval: French specialty steel producer offering high-integrity castings and open die forgings for aerospace, energy, and industrial markets. Comparable in specialty alloy capability and similar focus on critical OEM applications.
• Sheffield Forgemasters: UK-based large steel forging and casting specialist serving nuclear, defense, and power generation. Direct competitor in heavy-section steel castings and forgings requiring tight chemistry control.
• Scot Forge: US open die forging company producing custom forged parts for energy, mining, and marine applications. Direct comparison in open die forging capability and OEM-direct business model.
• Ellwood Group: US specialty steel and iron foundry producing large castings and forgings for aerospace, defense, oil & gas, and industrial markets. Highly comparable in foundry + forging integration and large-format capability.
• Leistritz Advanced Technologies: German forging specialist producing large forged shafts, rings, and discs for energy, marine, and general industrial applications. Comparable in high-specification open die forging served to European OEMs.

Broad incumbents

• Bharat Forge: Indian global leader in forged components serving automotive, oil & gas, aerospace, and industrial markets. Comparable large-format forging capability but operates at far greater scale across multiple geographies.
• Doosan Heavy Industries: Korean heavy industrial conglomerate with large casting and forging facilities for power generation, marine, and petrochemical markets. Overlaps in marine and energy segments with Akmetal but with broader product portfolio.
• China First Heavy Industries: Chinese state-owned large forging and casting supplier serving power generation, marine, and metallurgy. Competes in large-format forgings but with substantially different geographic footprint and cost structure.
• Sumitomo Heavy Industries: Japanese diversified industrial manufacturer with forging capabilities serving power transmission, marine, and industrial machinery. Broader portfolio but overlapping in specialty steel components.

Regional players

• Çebitaş Demir Çelik: Türkish steel and iron producer with foundry operations serving domestic and regional OEM markets. Regional peer with similar geographic exposure to Türkiye industrial sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akmetal Metallurgical Industries