We came together with Yükselen Çelik, one of the pioneers of Turkey's skilled steel industry, at Made In Steel 2023, of which we are a media partner.
The company, which is traded on Borsa Istanbul and included in the Base Metal Index, increased its value-added qualified steel processing capacity from 25 thousand tons to 100 thousand tons with the investments made in the 2020-2021 period after its public offering in November 2019. It quadrupled its capacity in the relevant period. Generating TL 1.4 billion in sales revenue in 2022, Yükselen Çelik increased its sales revenues from TL 123 million before its IPO to 12 times in TL and 3.8 times in USD at the end of 4 years.
In addition to its subsidiary Rising Steel in Chicago, USA, Yükselen Çelik will launch its new steel service center in Kocaeli's Dilovası district in the second half of 2023, which is expected to double Yükselen's capacity. In addition to the growth impact of this capacity increase in the domestic market, the positive impact on the company's export activities is expected to be seen by 2024.
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