AT A GLANCE: Erdemir Group Q1 earnings increase sharply on strong demand

May 01, 2021 / www.metalbulletin.com / Article Link

A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-March 2021.

In brief

Turkey's biggest steel producer Erdemir Group produced 24% of Turkish crude steel in January-February 2021. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 262.53% in January-March 2021, because of strong demand for steel in Turkey and its export markets, as well as high steel prices. Erdemir started commercial production on the second galvanizing...

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