AT A GLANCE: Erdemir Group 2019 earnings down on weak market

A summary of the financial results for Turkey’s largest steelmaking group, Erdemir, for 2019.

Earnings fell by 33.50% due to the negative sentiment in Turkey since late 2018. The United States had doubled the tariffs imposed on steel from Turkey in August 2018, leading a sharp fall in the value of the Turkish lira against the US dollar. The duty was reduced back to 25% on...

Published

Serife Durmus

February 13, 2020

19:32 GMT

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