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12 Jun
13:26

Turkey’s Kocaer posts lower Q1 revenue, profit

Turkish sections producer Kocaer Çelik has posted revenue and profit declines for the first quarter, Kallanish notes. The firm’s sales contracted 9.4% year-on-year to 124,656 tonnes in January-March amid the 66 days of planned production shutdowns at Aliağa A1 Plant. However, the share of value-added products in total sales rose to 36% from 34% in the first quarter of 2023. The company mainly prefers order-based production and works with a minimum sto…
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