15
Aug
10:42
Turkey’s IDC records significant rise in first-half earnings
Turkish electric arc furnace-based steelmaker Izmir Demir Celik (IDC) more than doubled its revenue in the first half to TRY 11.01 billion ($613.3 million), Kallanish learns from the firm.
The company reported net profit of TRY 207.9m in H1 versus TRY 29.2m last year.
Finished product sales in H1 increased by only 99t however to 760,997 tonnes. The company did not sell any billet in H1 versus 31,450t of deliveries last year. Overall exports increased by 30% to 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous