11
Feb
16:57
Erdemir output up, financials soar in 2021
Turkey's Erdemir Group's financials soared in 2021 on the back of higher output and prices.
The company generated revenue of TRY 68.2 billion ($5.06 billion), more than double of 2020. Net profit increased by 4.6 times to TRY 16.1 billion. Ebitda almost quadrupled to TRY 26.9 billion, while profitability gained 17.8 percentage points to 39.4%.
The firm's crude steel output rose by 6% on-year to 9 million tonnes, despite&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous