Sakarian Steel

1967-2009
Sakarian Steel Industries was formed in 1967 with the merger of numerous Sakarian steelworks, now owned by the Sakarian government as part of an effort to better their economy.

2009-present
Due to severe financial losses and issues for the last decade, the Government of Sakaria had announced plans to sell Sakarian Steel around the spring of 2018.

When the sale to CPN Holdings was completed in December 2019, it was the world's third largest steel producer by volume, surpassing Nippon Steel but still close behind China Baowu Steel Group, who was the second largest, thanks to revitalization efforts by CPN Holdings (going by Qualis at the start of the negotiations) and the Sakarian government agencies related to exports.