15
Mar
10:55
Erciyas Pipe foresees 2022 growth amid gas crisis
Turkish steel pipemaker Erciyas Boru posted a 10% year-on-year decline in revenue to $118.2 million in 2021, Kallanish learns from the company’s standalone income statement.
Cost of sales, however, fell to $91.2m from $96.3m in 2020. Net profit in 2021 declined to $2.9m from $11.5m the previous year, while Ebitda margin fell to 25.9% from 28.2%.
The company reported 73,000 tonnes of sales in 2021.
Erciyas Pipe foresees that 2022 will be the year of gr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous