Operating since 1976 in the field of value-added products in the steel industry, Yükselen Çelik has been continuing its growth with its exports to the American market.
Yükselen's US-based subsidiary 'Rising Steel', which was established 2 years ago, has achieved a significant sales volume in the USA, especially in the mould sector, which had a positive reflection on the company's shares.
Yükselen Steel went public in 2019 and achieved a rapid growth momentum afterwards. The company, which increased its sales revenues from around $ 25 million as of 2019 to $ 100 million by 2022, increased its qualified steel service centre capacity to 100 thousand tonnes on an annual basis with its stock and machinery investments.
Yükselen Çelik, whose shares are traded on the Borsa Istanbul Stars Market, made a bond offering of TL 50 million on 5 April 2023. In addition to its subsidiary named Rising Steel, which was established in the Chicago region of the USA, the new steel service centre located in Dilovası district of Kocaeli province in the second half of 2023 had a positive impact on Yükselen's shares.
The current share value of the company, which has gained 1% on average in the last five days, was seen as 12.15 TL.
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