26
Apr
11:05
Kardemir more than doubles first-quarter revenue
Kardemir more than doubled its revenue on-year in the first quarter to TRY 6.03 billion ($407.4 million). This helped the Turkish steelmaker post a net profit of TRY 1.17 billion compared to a profit of TRY 501m a year earlier. Q1 Ebitda rose 85.9% to TRY 1.53 billion, Kallanish notes.
Kardemir’s Q1 primary product sales fell 5.5% on-year to 534,617 tonnes, while liquid steel production fell 15.9% to 547,588t.
Pig iron sales increased si…
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Anonymous
Very good overview of the weekly steel market.
Anonymous