31
Oct
07:34
Turkey's Yukselen Celik reports nine-month profit slump
Yukselen Çelik, a leading Turkish specialty steel producer, saw nine-month revenue decrease 31.2% on-year to TRY 743.2 million ($26.2 million).
Net profit fell sharply to TRY 11.7m from TRY 122.6m last year, Kallanish notes.
The company’s sales halved to 22,316 tonnes in January-September 2023.
Yükselen Çelik, which operates in the fields of value-added and boutique products, supplies nearly 20 sectors, mainly in the defence industry, au…
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Very good overview of the weekly steel market.
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