11
Mar
11:46
Turkey’s Borusan Pipe boosts 2023 profit
Borusan Pipe’s sales volume increased by 24.6% on-year to 1,063,000 tonnes in 2023, while 77% of total revenue was generated from international markets, Kallanish notes.
Consequently, consolidated 2023 revenue surged by 29.9% to $1.741 million. Ebitda rose 58%, totalling $316m and leading to an Ebitda margin increase of 3.3 percentage points to 18.2%. 2023 net profit surged 138.2% to $194m.
Due to demand contraction in export markets, Borusan Boru’s e…
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Anonymous
Very good overview of the weekly steel market.
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