In its statement, the company noted that there is no partnership, affiliate relationship, subsidiary status, capital connection, managerial link, or any other corporate relationship between Kardemir Steel Industry Inc., registered with the Denizli Trade Registry Office, and Kardemir Karabük Iron and Steel Industry and Trade Inc.

Kardemir Karabük Iron and Steel emphasized that the company operates entirely independently and stated that the similarity in the companies' trade names does not imply any legal, financial, or administrative connection.

The statement added that the disclosure was made to eliminate any potential misunderstandings among the public and investors and was provided for the information of investors.