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

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...

Published

Serife Durmus

April 30, 2021

18:43 GMT

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