Turkish specialty steel producer Yükselen Çelik posted a net profit of TRY 1.52 million ($30,300) in January–September 2026, compared with a loss of TRY 175.39 million in the same period a year earlier.
Revenue for the nine months rose 19.7% year on year to TRY 1.29 billion ($25.69 million). Operating profit in the first half of the year was TRY 173.45 million ($3.45 million), versus an operating loss of TRY 25.58 million in the corresponding period last year.
The company said weaker demand for specialty steel from industrial sectors in Turkey and abroad had reduced sales and sales volumes, leading it to lower capacity utilization. As part of cost-cutting measures, Yükselen Çelik moved its Dudullu sales office and warehouse to its Dilovası Steel Service Center and converted its Izmir Steel Service Center into a sales office.
The company has doubled its specialty steel processing capacity from 100,000 to 200,000 metric tons. Its subsidiaries in the US and Germany are helping increase export revenue. In 2026, Yükselen Çelik plans to focus on improving gross and net profit margins by prioritizing higher-value-added products rather than pursuing revenue growth.
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