Kocaer Çelik increased its sales volume by 8.4% in the third Q3

Kocaer Çelik increased its total net sales volume by 8.4 percent in the January-September 2023 period compared to the same period of the previous year, reaching 422,543 tons, despite the production shutdown at the Aliağa - A2 plant. 2023 consolidated net profit increased by 146% to TL 1.1 billion.

Commenting on the nine-month performance of the iron and steel industry, Hakan Kocaer, Chairman of the Board of Directors of Kocaer Çelik, stated that crude steel production in Türkiye and the world has contracted. He said that in the first nine months of 2023, world steel production remained at similar levels to the previous year and amounted to 1 billion 406 million tons.

He also emphasized that in the same period, crude steel production in Türkiye contracted by 10.1 percent to 24.5 million tons, export volume contracted by 36.1 percent to 8.9 million tons, and export revenues decreased by 42.8 percent to $7.7 billion. Therefore, he pointed out that the ratio of Türkiye's steel exports to imports in terms of value fell to 60 percent from 96 percent last year.