Turkish integrated steelmaker OYAK Mining & Metallurgy Group has announced a net profit of TRY 12.75 billion (USD 860 million) for the first half of 2022, compared to a net profit of TRY 6.05 billion in H1 of 2021, while the sales revenues amounted to TRY 63.8 billion (USD 4.3 billion), up by 157% YoY. The company's operating income in the first half amounted to TRY 18.9 billion (USD 1.27 billion), compared to an operating income of TRY 8.61 billion in the first half of the previous year. OYAK Mining & Metallurgy Group produced 4.1 million tonnes of crude steel, down by 9% YoY, including 1.49 million tonne produced at the Eregli works, falling by 12% percent and 2.61 million tonnes at the Iskenderun works, falling by 7% YoY. The flat steel output of OYAK Mining and Metallurgy Group increased by 1% YoY to 3.78 million tonnes, while the company's long steel output amounted to 479,000 tonnes, increasing by 19% YoY. The flat steel sales volumes of the company went down by 4% YoY to 3.48 million tonnes, while its long steel sales volumes rose by 21% YoY to 459,000 tonnes.Group exported a total of 563,000 tonnes of finished products, including 527,000 tonnes of flat products and 36,000 tonnes of long products. This amount accounts for 14% of total sales. It has exported to 34 countries in flat products and 7 countries in long products.
Turkish integrated steelmaker OYAK Mining & Metallurgy Group has announced a net profit of TRY 12.75 billion (USD 860 million) for the first half of 2022, compared to a net profit of TRY 6.05 billion in H1 of 2021, while the sales revenues amounted to TRY 63.8 billion (USD 4.3 billion), up by 157% YoY. The company's operating income in the first half amounted to TRY 18.9 billion (USD 1.27 billion), compared to an operating income of TRY 8.61 billion in the first half of the previous year. OYAK Mining & Metallurgy Group produced 4.1 million tonnes of crude steel, down by 9% YoY, including 1.49 million tonne produced at the Eregli works, falling by 12% percent and 2.61 million tonnes at the Iskenderun works, falling by 7% YoY. The flat steel output of OYAK Mining and Metallurgy Group increased by 1% YoY to 3.78 million tonnes, while the company's long steel output amounted to 479,000 tonnes, increasing by 19% YoY. The flat steel sales volumes of the company went down by 4% YoY to 3.48 million tonnes, while its long steel sales volumes rose by 21% YoY to 459,000 tonnes.Group exported a total of 563,000 tonnes of finished products, including 527,000 tonnes of flat products and 36,000 tonnes of long products. This amount accounts for 14% of total sales. It has exported to 34 countries in flat products and 7 countries in long products.
