Türkiye's IDC narrows H1 loss despite lower revenue
Turkish electric arc furnace long steel producer Izmir Demir Celik (IDC) has reported a 5.6% year-on-year decrease in its first-half revenue to TRY 33.95 billion ($708.13 million), Kallanish learns.
Despite lower revenue, the company saw its net loss ease to TRY 529.36m in January-June from a net loss of TRY 949.28m last year.
Finished product sales rose slightly by 2% to 863,832 tonnes. The company sold 276,599t of billet versus 233,582t a year earlier, while exports grew by 52% to 435,872t. Export revenue grew 31% from a year earlier.
Its investments for the period totalled TRY 1.73 billion.
IDC’s first-half production decreased 1% to 1,090,046t for billet, 4% to 146,229 for sections and 4% to 192,109t for rebar on a contract manufacturing basis. Rebar production grew 4% to 519,037t.
The company utilised 70% of its 3.129 million t/year capacity meltshop, 115% of its 900,000 t/y rebar mill capabilities and 60% of its 485,000 t/y sections mill capacity in January-June. This compares to 70%, 111% and 63%, respectively, a year earlier.
It had an 9.3% share in Turkish crude steel production and an 7.8% share in national EAF-based crude steel production during H1.
From: Burcak Alpman, Kallanish, 20 AUG 2026, https://www.kallanish.com/en/news/steel/market-reports/article-details/turkiyes-idc-reports-reduced-loss-despite-lower-revenue-0826/.
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