02
May
12:43
Kardemir posts 2023 profit growth despite lower revenue
Kardemir decreased revenue by 4.7% on-year in 2023 to TRY 51.6 billion ($1.59 billion). The Turkish steelmaker’s net profit nevertheless rose to TRY 1.58 billion compared to a profit of TRY 1.1 billion in 2022.
Ebitda decreased 36.2% in 2023 to TRY 3.29 billion, Kallanish notes.
Kardemir’s primary product sales rose 14.5% on-year to 2,365,266 tonnes, while liquid steel production increased 7.6% to 2,472,048t.
Pig iron sales w…
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Anonymous
Very good overview of the weekly steel market.
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