09
Mar
13:46
Kardemir beats profit forecasts, increases steel sales
Kardemir closed 2019 with a net profit of TRY 80.6 million ($13.1m), surpassing the average forecast of 14 brokerage houses of TRY 70m.
The firm increased primary product sales 1.9% on-year in 2019 to 2.24 million tonnes, despite a -4.4% drop in liquid steel output to 2.3mt, Kallanish notes.
Pig iron sales halved on-year to 18,977t, while rolled steel products’ sales increased from 1.23mt to 1.26mt.
Kardemir utilised 65.8% of its 3.5m t/year liqu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous