Turkish steelmaker İzmir Demir Çelik Sanayi A.Ş. (İDÇ) increased export sales by 21% year on year to 530,335 mt in January-September 2026, while its net loss more than tripled to TRY 2.66 billion ($52.95 million).
Revenue fell 8% to TRY 54.93 billion ($1.09 billion). İDÇ posted an operating loss of TRY 2.30 billion, compared with an operating profit of TRY 510.24 million in the same period of 2025. Export revenue reached $312.25 million, up 21% year on year.
Billet output fell 5% to 1.55 million mt, while rebar production rose 3% to 808,436 mt. Contract partners produced 293,085 mt of rebar, down 3%. Steel section output declined 8% to 211,752 mt, and total finished steel production slipped 0.3% to 1.31 million mt.
Finished steel sales increased 4% to 1.34 million mt, while billet sales fell 12% to 372,177 mt. Utilization at İDÇ’s steelmaking facilities, which have capacity of about 3.1 million mt per year, dropped to 66% from 70% a year earlier.
The company also said its subsidiary İzdemir Enerji Elektrik Üretim A.Ş. had completed and commissioned a three-phase solar power plant in Manisa with installed capacity of 143.18 MWe. The facility is expected to generate about 256.12 million kWh of electricity annually.
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