Kardemir

Turkish iron and steel giant Kardemir has started producing indigenous train wheels to prevent imports, the head of the company said.

Turkey's benchmark index closed the week with a 384.55-point hike to reach 92,423.93 points on April 21, marking it the second highest close of all time.      

Istanbul's Fenerbahçe found some relief in a stunning 5-0 win against a strong Kardemir Karabükspor on Oct. 30 at home, following a historically bad start to the Turkish league.

Fener coach Dick Advocaat was happy with the win but poor attendance at the game bothered the experienced Dutchman. 

The Competition Board has opened a probe against a number of iron and steel companies, including Kardemir, according to an announcement on the board's website. 

The investigations were opened against Çağ Iron and Steel, Çelsantaş Iron Products, Yolbulan Iron Products and Yolbulan Shipment in addition to Kardemir.