What Borçelik does

Borçelik AŞ is a Turkish flat steel manufacturer founded in 1990 as a 50/50 joint venture between Borusan Holding and ArcelorMittal. It operates as Turkey's largest and highest-quality hot-dip galvanized steel producer, with 1.5 million tons of total annual production capacity split across hot-dip galvanized (HDG, 900,000 tons), cold-rolled (CR, 600,000 tons), and hot-rolled pickled & oiled (PO) flat steel, supported by 1.6M ton pickling line capacity, 1.4M ton reversing mill capacity, 690K ton temper mill capacity, and 480K ton electrolytic cleaning line capacity. Its single main production site is in Gemlik, Bursa, with an Ar-Ge Test Center co-located. The company markets its steel as an input for the automotive, white goods, construction, radiator, and general manufacturing sectors, claiming penetration into 85 of every 100 vehicles produced in Turkey and every refrigerator manufactured in Turkey, while accounting for 33% of Turkey's cold-rolled and galvanized steel exports. Customers include Tofaş (for the Fiat Egea rear door skeleton), Haier Europe (2019 Best Industrial Cooperation award), and leading Turkish OEMs supplied through direct enterprise sales offices in Istanbul, Bursa, Adana, Manisa, and Gemlik, plus an export division.

Revenue is generated almost entirely from hardware sales of commodity flat steel coils, with pricing negotiated via multi-year B2B contracts (not publicly disclosed). The company extends its offering through a wholly-owned steel service center subsidiary, Kerim Çelik (500,000 tons of metal processing capacity, including slitting and cut-to-length), a Material Technical Services team (Müşteri Teknik Hizmetleri) providing stamping simulation and application engineering, an in-house Metallurgy Quality Laboratory, and the Borçelik Technical Academy (BTA) — a MyK-accredited technical training institution offering VR-simulator-based safety training. Pricing is enterprise B2B and quote-based across grade, dimension, coating, and volume.

Borçelik's technology stack includes an internally developed Digital Maintenance Platform combining IoT, machine learning, and AI across 1,491 sensors on 142 critical equipment items; the proprietary BORMECH material card algorithm for stamping simulation; an AI-supported root cause analysis platform (TÜBİTAK-supported); AI video analytics for occupational health and safety; computer vision quality inspection; RTLS personnel tracking; Digital Twin simulation; and advanced planning optimization algorithms. The Borçelik Ar-Ge Merkezi, Turkey's 590th officially certified R&D center, runs three departments (Materials, Process, Technology) plus a four-section Test Center, collaborating with 13 universities and TÜBİTAK. The Gemlik facility is the first Turkish steel site to receive ResponsibleSteel™ certification, and Borçelik is the only steel producer globally with EDGE gender equality certification. Borçelik employs 1,200 people across its five locations and reports a cumulative $530 million in facility investment.

Name

Borçelik

Legal name

Borçelik AŞ

Website

https://borcelik.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Borçelik is Turkey's largest hot-dip galvanized flat steel producer, a Borusan Holding–ArcelorMittal joint venture with 1.5 million tons/year capacity, serving automotive, white goods, and construction OEMs in Turkey and export markets.

Ownership category

akta.pro rank

Product category

Flat Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)

akta.pro secondary industries

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL), Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)

Keywords

• Hot-dip galvanized steel
• Cold-rolled steel
• Flat steel manufacturing
• Steel service center
• Galvanized structural steel

Headquarters

HQ city

Gemlik

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Flat Steel Products (HDG, CR, PO): Borçelik generates the majority of its revenue from the sale of hot-dip galvanized flat steel, cold-rolled flat steel, and hot-rolled pickled & oiled flat steel — all industrial raw material inputs. Products are sold directly to large enterprise customers in automotive, white goods, construction, and other manufacturing sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Borçelik manufactures and sells hot-dip galvanized (HDG), cold-rolled (CR), and pickled & oiled hot-rolled (PO) flat steel coils as industrial raw material inputs for the automotive, white goods, construction, and general manufacturing sectors. The company complements these flat steel products with the Kerim Çelik steel service center (slitting, cut-to-length, further processing), Müşteri Teknik Hizmetleri (Customer Technical Services) for material selection and stamping simulation support, and metallurgical quality laboratory testing. Borçelik is the only domestic Turkish producer of 3.00–4.00mm galvanized structural steel with 1.5 million tons/year total production capacity.

Product overview

Borçelik operates as Turkey's largest and highest-quality galvanized steel manufacturer, jointly owned by Borusan Holding and ArcelorMittal. Its product portfolio centers on three core steel product lines — HDG (hot-dip galvanized), CR (cold-rolled), and PO (pickled and oiled hot-rolled steel) — serving automotive, white goods, construction, radiator, and general manufacturing sectors. These products are supported by an integrated service layer: Müşteri Teknik Hizmetleri provides technical consultation and adaptation support, Metalurji Kalite Laboratuvarı delivers metallurgical quality testing, and the Kerim Çelik-branded Steel Service Center handles final-dimension cutting and processing. Underpinning the product line, Borçelik's in-house R&D Center (with its Malzeme, Proses, and Teknoloji departments and dedicated Test Center) drives new product and process innovation, while Borçelik Teknik Akademi provides simulation-based technical training. The Dijital Bakım Platformu adds an AI-driven predictive maintenance capability across the manufacturing footprint.

Differentiator

Problem solved

Functional benefit

Brands

• Kerim Çelik: Steel Service Center brand offering 500,000 ton metal processing capacity for customers requiring final dimension products
• Borçelik Teknik Akademi
• Borçelik Ar-Ge Merkezi

Products and services

• Hot-Dip Galvanized Steel (HDG) Continuously hot-dip galvanized flat steel with zinc coating applied for corrosion resistance and cathodic protection, produced in thicknesses 0.25–4.00 mm and widths 400–1,550 mm with 900,000 tons/year capacity. Sold to automotive OEMs, white goods manufacturers, construction companies, and radiator producers as an industrial raw material input.
• Cold-Rolled Steel (CR) Cold-rolled flat steel produced by cold rolling pickled and oiled hot-rolled steel, available in thicknesses 0.25–3.00 mm and widths 600–1,530 mm with 600,000 tons/year capacity. Used by radiator manufacturers (panel radiators/heat exchangers), white goods producers, and automotive customers for general cold-forming applications.
• Pickled & Oiled Hot-Rolled Steel (PO) Hot-rolled flat steel with mill scale removed by hydrochloric acid pickling and oiled for corrosion protection, supplied in coil form in thicknesses 1.20–6.00 mm and widths 600–1,560 mm. Sold to automotive, white goods, construction, and general manufacturing customers as industrial raw material input.
• Kerim Çelik Steel Service Center Steel service center operations under the Kerim Çelik sub-brand offering final-dimension product delivery, slitting, cut-to-length processing, and customer-specific processing for industrial buyers requiring specific dimensions, with 500,000 tons/year metal processing capacity.
• Müşteri Teknik Hizmetleri (Customer Technical Services) Technical bridge service between Borçelik and customers, providing technical consultation on steel selection, product adaptation, customer complaint resolution, and training seminars covering steel production, coated sheets, standards, mechanical properties, and defectology. Sold as a value-added B2B service to industrial enterprise customers including automotive and white goods manufacturers.

Quantifiable outcome

• Production capacity of 1.5 million tons per year; 900,000 tons hot-dip galvanized, 600,000 tons cold-rolled
• +7 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature13 records

Partnerships

24 partnerships are on record, tiered core, major and supporting.

• ArcelorMittalcoreStrategic or Co-development PartnerJoint venture partner (50/50 with Borusan Holding) operating Borçelik. ArcelorMittal is the world's largest steel producer, providing Borçelik with technology access, global supply chain integration, and ArcelorMittal Laboratories joint working group program for measurement verification. The JV operates 5 locations with total 1.5M ton production capacity.
• Borusan HoldingcoreStrategic or Co-development PartnerJoint venture partner (50/50 with ArcelorMittal) operating Borçelik. Borusan Holding is Turkey's leading industrial group, providing Borçelik with Turkish market leadership, distribution network, and integration into the broader Borusan Group sustainability strategy (İklim, İnsan, İnovasyon). Borusan also operates the 'Cinsiyet Gözlüğü' gender equality program across its group companies.
• Bursa Teknik Üniversitesi (BTÜ)coreStrategic or Co-development PartnerComprehensive collaboration agreement covering joint R&D, student projects, internships, and the TÜBİTAK 2244 Sanayi Doktora Program. Protocol signed at Borçelik Gemlik facility between Borçelik GM Kerem Çakır and BTÜ Rector Prof. Dr. Arif Karademir. BTÜ provides test and analysis services through its Central Research Laboratory and technology transfer office support.
• TÜBİTAKmajorTechnology or IntegrationBorçelik Ar-Ge Center collaborates with TÜBİTAK and other scientific institutions. Borçelik's AI-supported root cause analysis platform received TÜBİTAK support. TÜBİTAK 2244 Industrial Doctorate Program partnership with Özyeğin Üniversitesi is managed through TÜBİTAK framework.
• Türk-Alman Üniversitesi (TAÜ)majorStrategic or Co-development PartnerCollaboration agreement establishing Borçelik Ar-Ge Malzeme & Teknoloji Geliştirme Laboratuvarı within TAÜ's International Surface Research and Innovation Center (UYAM), directed by Dr.-Ing. Çağatay Elibol. Focus areas: surface treatment, functional coating materials, corrosion prevention, advanced characterization, and next-generation steels.
• TofaşmajorStrategic or Co-development PartnerJoint R&D project for Fiat Egea rear door skeleton. Borçelik developed the BORMECH material card algorithm and produced 3,000 tons of steel for 40,000 Fiat Egea vehicles in 2020. The project reduced stamping die setup times and enabled faster serial production.
• Koç ÜniversitesisupportingStrategic or Co-development PartnerUniversity-industry collaboration partner. Borçelik works with Koç Üniversitesi among 13 total university partnerships covering joint research and student development programs.
• Orta Doğu Teknik Üniversitesi (ODTÜ)supportingStrategic or Co-development PartnerUniversity-industry collaboration partner. Borçelik works with ODTÜ among 13 total university partnerships covering joint research and student development programs.
• Çukurova ÜniversitesisupportingStrategic or Co-development PartnerUniversity-industry collaboration partner among 13 total university partnerships for joint R&D and student projects.
• Kocaeli ÜniversitesisupportingStrategic or Co-development PartnerUniversity-industry collaboration partner among 13 total university partnerships for joint R&D and student projects.
• Özyeğin ÜniversitesisupportingStrategic or Co-development PartnerPartner through TÜBİTAK 2244 Sanayi Doktora Program for training PhD-level R&D personnel. Borçelik supports doctoral researchers at Özyeğin Üniversitesi.
• Uludağ ÜniversitesisupportingStrategic or Co-development PartnerCollaboration with Uludağ Üniversitesi Anestezi ve Reanimasyon Bölümü on medical device development (Laringoskop U-Profil) during COVID-19. Also partner in Genç Mühendisler Yaz Kampı with Nilüfer İnovatif Merkezi and ERMETAL Ar-Ge.
• Haier EuropemajorGTM or Marketing PartnerBorçelik supplies steel to Haier Europe (world's largest white goods manufacturer) and received the 'Best Industrial Cooperation' award at Haier Europe 2019 Supplier Meeting, recognizing outstanding collaborative supply relationship.
• Escarus (TSKB Sürdürülebilirlik Danışmanlığı)supportingImplementation/ SI/ Consulting PartnerEscarus conducted Borçelik's Cinsiyet Eşitliği Programı Sertifikası (CEPS) assessment using internationally aligned methodology. Borçelik received the Advanced Level Gender Equality Certificate.
• ResponsibleSteelcoreStrategic or Co-development PartnerBorçelik is the first flat steel producer in Turkey and the first Turkish steel producer to receive ResponsibleSteel™ certification (via UK CARES audit) for its Gemlik facility. Borçelik adopted ResponsibleSteel's 13 principles covering climate, human rights, OHS, local communities, water management, biodiversity, and governance.
• BUİKAD (Bursa İş Kadınları ve Yöneticileri Derneği)supportingStrategic or Co-development PartnerBUİKAD partnered with Borçelik on the 'Bilim Virüsü' science workshop for 28 vocational high school students and co-organized events supporting gender equality. BUİKAD awarded Borçelik the 'Bursa's Woman-Valuing Company' award.
• MESS (Türkiye Metal Sanayicileri Sendikası)supportingStrategic or Co-development PartnerMESS partnered with Borçelik and İŞKUR on the 'Kadına Güç İş Yok' program, providing vocational training for 26 women who were subsequently employed as production operators at Borçelik.
• İŞKURsupportingStrategic or Co-development PartnerİŞKUR partnered with Borçelik and MESS on the 'Kadına Güç İş Yok' program, helping identify and train 26 women for production operator roles.
• Nilüfer Belediyesi İnovasyon MerkezisupportingStrategic or Co-development PartnerCo-organized 'Geleceği Üret - Genç Mühendisler Yaz Kampı' with ERMETAL Ar-Ge Merkezi, Uludağ Üniversitesi TTO, and TÜBİTAK 4004 program, hosting vocational high school students for technical site visits.
• T.C. Sanayi ve Teknoloji BakanlığıcoreStrategic or Co-development PartnerBorçelik Ar-Ge Merkezi is the 590th officially registered R&D center in Turkey, certified by the Ministry of Industry and Technology. Borçelik won 1st place in the R&D Performance Index B Category at the ministry's 8th R&D Summit.
• T.C. Tarım ve Orman BakanlığısupportingStrategic or Co-development PartnerParticipated in the Ministry's 'Geleceğe Nefes Ol' tree planting campaign, adding 5,000 saplings to the Borçelik Memorial Forest in Yalova/Altınova/Havuzdere village.
• 3 Boyutlu Destek GrubusupportingStrategic or Co-development PartnerBorçelik Maker Kulübü joined the nationwide 3D Support Group collective (3,000+ 3D printers, 2,000+ volunteers) to produce protective face shields for hospitals during COVID-19. Borçelik produced 3,800 shields for Bursa hospitals.
• Kerim Çelik (Brand)coreOthersKerim Çelik is Borçelik's steel service center brand, the first in Turkey to implement world-class steel service center services. Provides slitting, cutting, and further processing with 500,000 ton metal processing capacity.
• Borusan Ar-GesupportingTechnology or IntegrationBorçelik collaborates with Borusan Group's R&D division, including researcher Selin Kanyas contributing to the 'Bilim Virüsü' science education program.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ereğli Demir ve Çelik (Erdemir): Turkey's largest integrated flat steel producer (Oyak Mining & Metallurgy group). Directly comparable product portfolio (hot-rolled, cold-rolled, galvanized) and competes head-to-head with Borçelik for Turkish automotive, white goods, and construction customers.
• Tosyalı Holding: Turkish steelmaker with growing flat steel capacity across Turkey and abroad. Overlaps with Borçelik in cold-rolled and galvanized supply to automotive and white goods manufacturers and competes for export share to MENA and Europe.
• Çolakoğlu Metalurji: Turkish integrated steel producer with hot-rolled, cold-rolled, and galvanized output. Competes with Borçelik in serving Turkish automotive OEMs and exporters, especially in HDG for white goods and construction.
• Kaptan Demir Çelik: Turkish producer of hot-rolled, cold-rolled, and galvanized flat steel serving automotive, construction, and white goods. Closely comparable product mix and customer base to Borçelik in the domestic market.
• İskenderun Demir ve Çelik (İsdemir): Turkish integrated steel producer under the Oyak group, producing flat and long steel. Competes with Borçelik on domestic flat steel supply, particularly for hot-rolled pickled/oiled grades used by the same downstream customers.
• Habaş: Privately held Turkish industrial group producing hot-rolled, cold-rolled, and galvanized flat steel. Direct competitor in the domestic flat steel market with similar downstream customer segments.

Broad incumbents

• Tata Steel: Global integrated steel producer with significant European flat steel operations. Comparable HDG, CR, and coated steel grades serving automotive and construction customers; competes for export volumes into Turkey and neighboring regions.
• ArcelorMittal Europe Flat Products: Parent JV partner and the world's largest flat steel producer. Highly comparable in product portfolio (HDG, CR, electrical steel), but operates at vastly greater scale across multiple European plants and is the technology source for Borçelik.
• Nippon Steel Corporation: Global integrated steelmaker with a strong flat steel portfolio including automotive-grade galvanized steel. Comparable on technology and product quality; competes in cross-regional export flows for high-end coated flat steel.
• thyssenkrupp Steel: One of Europe's largest flat steel producers with HDG, CR, and premium coated products for automotive and construction. Competes with Borçelik on European export markets and on advanced high-strength steel grades.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/borcelik
• Facebookfacebook.com/Borcelik
• LinkedInlinkedin.com/company/borcelik

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 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 Borçelik