<p>Turkish integrated steelmaker OYAK Mining and Metallurgy Group has posted a net profit of TRY 5.83 billion (USD 419 million) for January-March quarter of 2022, as compared to a net profit of TRY 2.71 billion (USD 368 million) in the same period last year, while the company's sales revenues amounted to TRY 29.2 billion (USD 2.1 billion), up 179.1% YoY. The company’s operating income in the given quarter amounted to TRY 8.87 billion (USD 638 million), as compared to an operating income of TRY 3.47 billion (USD 471 million) in the first quarter of 2021.</p><p>OYAK Mining and Metallurgy Group produced 1.99 million tonness of crude steel, decreasing by 14% YoY</p><p>Eregli works – 0.65 million tonne, down 26% YoY</p><p>Iskenderun works -- 1.33 million tonne, down 6% YoY</p><p>in the first quarter, the flat steel output of OYAK Mining and Metallurgy Group decreased by 0.3% to 1.80 million tonne, while the company’s long steel output amounted to 275,000 tonne, increasing by 32.2%</p><p>In the given period, the flat steel sales volumes of the company went down by 4.5% YoY to 1.72 million tonnes, while its long steel sales volumes rose by 25.8% YoY to 258,000 tonne. The company exported 326,000 tonne of steel products, including 292,000 tonne of flat steel and 34,000 tonne of long steel, with exports accounting for 16% of total sales. In the given period, the steel producer exported flat products to 30 countries and long products to 6 countries.</p>
<p>Turkish integrated steelmaker OYAK Mining and Metallurgy Group has posted a net profit of TRY 5.83 billion (USD 419 million) for January-March quarter of 2022, as compared to a net profit of TRY 2.71 billion (USD 368 million) in the same period last year, while the company's sales revenues amounted to TRY 29.2 billion (USD 2.1 billion), up 179.1% YoY. The company’s operating income in the given quarter amounted to TRY 8.87 billion (USD 638 million), as compared to an operating income of TRY 3.47 billion (USD 471 million) in the first quarter of 2021.</p><p>OYAK Mining and Metallurgy Group produced 1.99 million tonness of crude steel, decreasing by 14% YoY</p><p>Eregli works – 0.65 million tonne, down 26% YoY</p><p>Iskenderun works -- 1.33 million tonne, down 6% YoY</p><p>in the first quarter, the flat steel output of OYAK Mining and Metallurgy Group decreased by 0.3% to 1.80 million tonne, while the company’s long steel output amounted to 275,000 tonne, increasing by 32.2%</p><p>In the given period, the flat steel sales volumes of the company went down by 4.5% YoY to 1.72 million tonnes, while its long steel sales volumes rose by 25.8% YoY to 258,000 tonne. The company exported 326,000 tonne of steel products, including 292,000 tonne of flat steel and 34,000 tonne of long steel, with exports accounting for 16% of total sales. In the given period, the steel producer exported flat products to 30 countries and long products to 6 countries.</p>
