Turkish rebar maker Izmir Demir Celik has registered net profit of TRY 207.9 million (USD 11.6 million) in H1 of 2022 as compared to a net profit of TRY 29.2 million in the first half of 2021. IDC’s sales revenues increased by 157% YoY to TRY 11.0 billion (USD 613 million) and IDC recorded an operating profit of TRY 1.65 billion (USD 92 million) as compared to an operating profit of TRY 516.8 million in the same period of the previous year. EBITDA, which was TRY 607.9 million in H1 of 2021 surged to TRY 1.751 billion in H1 of 2022IDC’s steel billet output decreased by 6% YoY to 700,053 tonnes, while rebar production totaled 463,750, down by 2% YoY. Besides, 171,265 tonnes of rebar was also produced by tolling. IDC also produced 137,557 tonnes of steel sections, down by 11% YoY. In the first half of 2022, IDC's finished steel sales increased by 0.1% YoY to 760,997 tonnes, while export sales rose by 30% YoY to 207,228 tonnesİzmir Demir Çelik was established in Aliağa Heavy Industry Zone in 1975 with the aim of producing construction steel and has been operating the rolling mill facilities in 1983 and the steel mill in 1987 and continues its production in the sector for 47 years. In 2013, it commissioned the profile mill designed by Primetals to expand its product range. The aim of this profile mill with an annual capacity of 400,000 tonnes is to make İDÇ a brand in profile production. İzmir Demir Çelik continues its annual production of 1.5 million tonnes of liquid steel and 1 million tonne of ribbed rebar in an area of 550,000 square meters in İzmir Aliağa Facilities.
Turkish rebar maker Izmir Demir Celik has registered net profit of TRY 207.9 million (USD 11.6 million) in H1 of 2022 as compared to a net profit of TRY 29.2 million in the first half of 2021. IDC’s sales revenues increased by 157% YoY to TRY 11.0 billion (USD 613 million) and IDC recorded an operating profit of TRY 1.65 billion (USD 92 million) as compared to an operating profit of TRY 516.8 million in the same period of the previous year. EBITDA, which was TRY 607.9 million in H1 of 2021 surged to TRY 1.751 billion in H1 of 2022IDC’s steel billet output decreased by 6% YoY to 700,053 tonnes, while rebar production totaled 463,750, down by 2% YoY. Besides, 171,265 tonnes of rebar was also produced by tolling. IDC also produced 137,557 tonnes of steel sections, down by 11% YoY. In the first half of 2022, IDC's finished steel sales increased by 0.1% YoY to 760,997 tonnes, while export sales rose by 30% YoY to 207,228 tonnesİzmir Demir Çelik was established in Aliağa Heavy Industry Zone in 1975 with the aim of producing construction steel and has been operating the rolling mill facilities in 1983 and the steel mill in 1987 and continues its production in the sector for 47 years. In 2013, it commissioned the profile mill designed by Primetals to expand its product range. The aim of this profile mill with an annual capacity of 400,000 tonnes is to make İDÇ a brand in profile production. İzmir Demir Çelik continues its annual production of 1.5 million tonnes of liquid steel and 1 million tonne of ribbed rebar in an area of 550,000 square meters in İzmir Aliağa Facilities.
