07
Mar
10:12
Kardemir posts lower 2022 profit despite improved revenue
Kardemir increased revenue by 85.5% on-year in 2022 to TRY 27.3 billion ($1.44 billion). Despite this significant improvement, however, the Turkish steelmaker posted a net profit of TRY 2.17 billion compared to a profit of TRY 3.85 billion a year earlier. Ebitda declined 11.2% to TRY 4.36 billion, Kallanish notes.
Kardemir’s 2022 primary product sales fell 10.2% on-year to 2,064,580 tonnes, while liquid steel production fell 8.7% to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous