Turkish steel rope and wire producer Çelik Halat ve Tel Sanayii cut its net loss to TRY 689.54 million ($13.73 million) in January-September 2026, from TRY 878.53 million a year earlier. Revenue at the Kocaeli-based company fell 8.7% to TRY 1.77 billion ($35.24 million).
Its operating loss widened to TRY 280.17 million ($5.58 million), from TRY 270.14 million. Steel rope sales by value declined 15.6% to TRY 853.14 million; galvanized wire sales fell 6.8% to TRY 190.55 million, and spring wire sales dropped 9.9% to TRY 350.59 million. Sales of prestressed concrete strand rose 7% to TRY 379.68 million.
The company attributed slower sales to the global economic downturn and weaker activity in the countries where it operates. Despite the market contraction weighing on operations, Çelik Halat expects positive results in the long term, citing lower anticipated raw material prices, less volatile freight rates and plans to enter new export markets.
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