Izmir steel manufacturer Kardemir Çelik Sanayi A.
Ş. announced its financial results for the first half of the year.
During the specified period, the company's net profit decreased by 52% year-on-year to 410.4 million Turkish liras ($8.5 million), while sales revenue increased by 26.3% year-on-year to 13.92 billion yuan (289.63 million dollars). In the first half of the year, Kardemir Celik's operating profit increased to 1.23 billion Turkish liras ($25.58 million), compared with 1.15 billion Turkish liras recorded in the first half of the year. 2025.
Kardemir Çelik has announced the start of investments in a new large-scale rolling mill in the first quarter of 2026. The company plans to start production at the new facility in 2027. Onder Karalp, Chairman of the Management Board of Kardemir Çelik, stated that the investments are aimed at expanding the company's product range, gaining a competitive advantage and increasing revenue and экспорт.
Currently, Kardemir Celik operates three rolling mills and one machine for the production of wire rods and fittings. The total production capacity of the company's long-range plants is 700,000 tons per year, the steelmaking plant is 1.2 million tons per year, and the wire rod and rebar production plant is 600,000 tons per year. The company exports more than 50 percent of its products.
There are no comments yet.