İsdemir increased its flat product sales in 2023

İsdemir exported 183 thousand tons of products in the fourth quarter of 2023. The export amount, which increased by 28% compared to the previous year, constituted 13% of total sales. During this period, the total sales amount increased by 29% compared to the previous year and reached 1,366 thousand tons.

Flat product sales, which were 919 thousand tons in the fourth quarter of 2022, increased in the same period of 2023 and reached 1,127 thousand tons. In addition, long product sales increased by 69.5% and reached 239 thousand tons.

İsdemir exported 435 thousand tons of products in 2023. This amount corresponded to 10% of total sales and amounted to 4,376 thousand tons.

İsdemir, one of Oyak Maden Metallurgy companies, exhibited a remarkable financial performance in the fourth quarter of 2023 and its net profit for the period was 237 million dollars (6,182 million TL). In the same period of 2022, the net profit for the period was 11 million dollars.

İsdemir's net profit for the year 2023 was 165 million dollars (4,602 million TL) due to the effects of losses in the first two quarters. Net profit for the period in 2022 was 450 million dollars (6,726 million TL).