We’re thrilled to announced that GLOBARB has signed the €750 million investment financing advising agreement for Project Metal III, Türkiye’s first integrated specialty steel & super-alloy complex, and investor roadshows start.
📌 Project snapshot
• Site: 1.02 million m² Treasury land – Aliağa, İzmir
• Process: EAF + VIM/VAR, forging, hot-rolling, precision machining; full digital twin & AI-controlled metallurgy → <2 % reject rate
• Product slate: tool steel, stainless, alloyed steel, shaped bars & rings, Ni-based super-alloys
• Economics: €7.44 bn revenue over 10 yrs, 25 % EBITDA margin, 26.8 % equity IRR, €1.02 bn aggregate dividends
• Record incentive: €559 m package (VAT & customs exemption, energy & interest support, 55 % capex tax deduction, free land)
• Export upside: €300 m+/yr, 72-h road freight to 80 % of EU customers, CBAM carbon-credit edge €150-200/t from 2026
Together we will end Türkiye’s €400 m import dependency and forge Europe’s green-steel backbone.
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