11
May
11:14
Turkey’s IDC more than doubles first-quarter revenue
Turkish electric arc furnace-based steelmaker Izmir Demir Celik (IDC) increased its first-quarter revenue by 72.4% on-year to TRY 7.36 billion ($376.4 million), Kallanish learns from the firm.
The company’s net profit surged to TRY 471m in January-March versus TRY 181m a year earlier.
Finished product sales in Q1 increased by 24% to 418,384 tonnes. The company sold only 5,000t of billet in this period versus zero last year. Overall exports fell by 18% to 84…
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Anonymous
Very good overview of the weekly steel market.
Anonymous