Murat Eryilmaz

Erdemir Achieves Net Profit of US$19 Million in Q3 and US$335 Million in Jan-Sep 2024 ⭕ Erdemir's liquid steel production reached 6.74 mmt in the first 9 months of 2024 compared to 5.08 mmt in the same period of the previous year. ⭕ The group produced 5.93 mmt total finished steel products: 3.98 mmt hot rolled flat, 1.22 mmt cold rolled flat and 727.000 tons long products. ⭕ Erdemir Group total sales reached 5.86 mmt from 5.2 mmt: 3.9 mmt hot rolled flat products, 1.5 mmt cold rolled flat products and 707.000 tons long products. ⭕ Capacity utilisation of the group was 92% in the first 9 months of 2024 compared to 75% in full year 2023. ⭕ Erdemir Group's export tonnage increased from 517.000 tons to 1.20 mmt in the first 9 months of 2024. Share of export in total steel sales increased from 9.9% to 20.4% in the same period. ⭕ Net sales revenue of the group increased from US$4.57 Billion to US$4.62 Billion. ⭕ EBITDA of the group increased form US$463 Million to US$572 Million in the first 9 months of 2024. ⭕ EBITDA Margin increased from 10.1% in the first 9 months of 2023 to 12.4% in the first 9 months of 2024. In Q3 EBITDA margin was 9%. ⭕ Net profit of the group was US$19 Million in Q3 and US$335 Million in the first 9 months of 2024. ⭕ The group shifted from US$175 Million net loss in Jan-Sep 2023 to US$335 Million net profit in Jan-Sep 2024. ⭕ EBITDA per ton of the group dropped from US$124/t in Q1 and US$101/t in Q2 to US$71/t in Q3. EBITDA per ton was US$413/t in Q3 2021 and US$418/t in Q4 2021 (during the COVID period)

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Türkiye's CRC imports decreased by 16.9% in January-August period According to data compiled by SteelRadar analysts from the Turkish Statistical Institute ( TUIK), Türkiye's August 2024 cold rolled coil steel (CRC) imports decreased by 20.8% on an annual basis to 79,041 tons from 99,822 tons in the same month of the previous year. It increased by 54.2% compared to the previous month of July.

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Russia dominates Türkiye's billet imports with attractive prices In the Turkish billet import market, the dominance of offers from the Black Sea region underscores the significance of pricing competitiveness and regional stability. While Southeast Asian supplies struggle to captivate buyers amidst pricing challenges, geopolitical tensions in the Red Sea region add an additional layer of complexity. https://lnkd.in/eHZ3Y5ri

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Iron and steel import value of Türkiye was $2.15 billion in March SteelRadar analysts compiled data from the Turkish Statistical Institute (TUIK) and the Customs Undersecretariat's preliminary foreign trade data to estimate that the value of Türkiye's iron and steel imports in March 2024 decreased by 17.9% to $2.15 billion compared to the same month last year. In this month, the value of #iron and #steel imports ranked sixth in the list of products with the highest import value. Click for more ➡ https://lnkd.in/dp8YTZvv TR ➡ https://lnkd.in/d9StTgVR #demir #çelik

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𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗧𝘂𝗿𝗸𝗶𝘀𝗵 𝘀𝘁𝗲𝗲𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗮𝗿𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗿𝗶𝘀𝗲, 𝘁𝗵𝗲 𝗴𝗼𝗮𝗹 𝗶𝘀 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝘁𝗵𝗲 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰𝗮𝗹 𝗽𝗲𝗮𝗸 𝘄𝗶𝘁𝗵 𝗻𝗲𝘄 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 Preparing to close this year with an increase in exports, the Turkish steel industry aims to continue growing with new markets. Adnan Aslan, Chairman of the Board of Directors of the Turkish Steel Exporters' Association (ÇİB), said that they have made serious efforts in recent years, especially in the African and South American markets, and that they will reap the fruits of these efforts in the coming period, “2025 will be the year of #Africa and #SouthAmerica in #steel.” Noting that they aim to double exports to Azerbaijan, Mr. Aslan said that they have come to Azerbaijan with 21 companies to achieve this goal and that they will hold important meetings with potential buyers. While Türkiye is experiencing difficult times in exports due to the low dollar exchange rate and high interest rates making it difficult to access financing, the figures in the steel sector are above last year. As of the first nine months of the year, steel exports increased by 28 percent in tonnage and about 11 percent in value. Exports, which totaled 14.9 billion dollars last year, are expected to reach 16.5 billion dollars this year. 𝗘𝗫𝗣𝗢𝗥𝗧𝗦 𝗜𝗡𝗖𝗥𝗘𝗔𝗦𝗘 𝗪𝗜𝗧𝗛 𝗩𝗔𝗟𝗨𝗘-𝗔𝗗𝗗𝗘𝗗 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦, 𝗧𝗔𝗥𝗚𝗘𝗧 𝗔𝗙𝗥𝗜𝗖𝗔 𝗔𝗡𝗗 𝗦𝗢𝗨𝗧𝗛 𝗔𝗠𝗘𝗥𝗜𝗖𝗔 𝗖𝗹𝗶𝗰𝗸 𝗺𝗼𝗿𝗲⬇️; https://lnkd.in/dCeKG-PM

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Only 2 days to Turkiye Critical Minerals Summit - Türkiye Kritik Mineraller Zirvesinez Son 2 Gün Session 1.2. Overview of Turkiye's Critical Minerals Merve Harzadın Nazikoğlu Onur BİROL Gökhan Kürşat Demir Taylan Deniz Demir webpage: www.cmitsummit.com #cmitsummit #criticalminerals #criticalmetals #criticalrawmaterials

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Integral Coach Fuat Sezen, ''Performans Değerlendirme Süreci''nden bahsediyor. Performance evaluation is the measurement of an employee's job performance and involves transparently communicating this assessment in a timely manner to the concerned individual. This process plays a critical role in helping both the employee and the company achieve their goals. The performance evaluation process includes setting goals and assessing how effectively these goals are met within specified timeframes and success criteria. These goals should be based on the employee’s job description, capabilities, and the company’s strategic priorities, and must be realistic. Effective performance evaluation requires clear communication and honesty. It's important to have well-defined goals and evaluation criteria, maintain regular communication with employees, and provide feedback on progress. Ensuring fairness and measurability in the evaluation process is fundamental. In conclusion, performance evaluation is an essential tool for the development of both the employee and the organization. Through this process, both parties can define and work towards success. Remember, this process isn’t just about celebrating achievements; it's also a means to create development opportunities. #TheIntegralInstitute #FuatSezen #JobPerformance

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Turkish domestic rebar spot prices revised to offset currency fluctuations As of today, December 30, Turkish domestic rebar spot prices have risen by TRY 100-200/mt with minor changes on US dollar basis in order to offset currency fluctuations, as compared to Thursday, December 26. Accordingly, 12 mm rebar spot prices in Turkey have settled at TRY 23,700-24,000/mt or $559-567/mt ex-warehouse, depending on the region, at an exchange rate of $1 = TRY 35.30. The official rebar prices in the Marmara and Izmir regions still vary at $565-580/mt ex-works, including Icdas A.S’s prices, while the workable rebar prices in these regions vary at $560-570/mt ex-works, down by $5/mt on the higher end, for cash payment only... Visit SteelOrbis Marketplace to reach rebar suppliers in Turkey and all over the world with a single click and get a price quote without intermediaries and commissions: https://lnkd.in/ghnTnK8p

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What are the expectations for imported scrap prices in Türkiye? According to US sellers in the import scrap market, no major price changes are expected for July and August. It is said that even if there are potential price increases, they will not be significant and the summer season will probably be closed in this way. On the other hand, it is also rumored that an increase in prices due to scrap collection costs may not create a big impact. Recently, scrap prices have fluctuated upwards and downwards in a narrow range. Freight prices have risen and therefore scrap buyers are not ready to increase prices. Rebar sales are very slow due to the monsoon season. According to expectations, prices will remain in a similar range until September. At the moment, scrap collection supply is tight and initial views in the US are that domestic trade will be higher next month to try to keep scrap local. South Asia has shifted much more processed #steel imports to container markets. Click to view prices ➡ https://lnkd.in/dUbPhH2P #scrap Fiyatları görüntülemek için tıklayınız ➡ https://lnkd.in/dy5_4M5y #hurda

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Stats: Türkiye’s total PP and PE imports down year-on-year in January-November Haberin tamamı için: go.chemorbis.com/3PmG0Ha Prolonged economic challenges, coupled with sluggish end consumption, have been reflected in Türkiye’s polyolefin imports, according to ChemOrbis Stats Wizard. During the first 11 months of the year, combined imports of homo-PP and PP copolymer totaled 2.2 million tons, marking a 4% decline compared to the same period in 2023. Total PE imports—including LDPE, LLDPE, and HDPE—dropped 5% year-over-year to 1.9 million tons. These declines also reflected logistical hurdles that impacted trading activity, particularly during the first half of the year. However, among all products, homo-PP and LDPE defied the overall trend, posting modest gains in imports. #Türkiye #PP #PE #polyethylene #polypropylene #plastics #polymer #plasticsindustry #chemical #plasticsprice

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Türkiye's scrap imports increased by 6.6% between January and November According to data compiled by SteelRadar from the Turkish Statistical Institute (TUIK), Türkiye's scrap imports in November increased by 13.5% compared to the same month of the previous year, rising from 1 million 542 thousand 362 tons to 1 million 750 thousand 607 tons. Compared to October, the previous month, it increased by 16.3%. Click for more ➡️ https://lnkd.in/dhjVDvTN TR ➡️ https://lnkd.in/dtcG7m9A #hurda #scrap

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Türkiye’s slab imports increased in September: Russia and Indonesia were the main suppliers Türkiye’s slab imports reached 336,385 tons in September, marking a y-o-y increase of 74% and an 11% rise from August. The average import price was recorded at USD 507 per ton, with Russia and Indonesia as the main suppliers. Russia provided the largest portion of Türkiye’s imports, supplying 152,529 tons in September, accounting for 45% of total imports. Although this represents a 33% annual increase, Russia’s share has fallen from 59% in September 2023, with volumes remaining stable compared to August levels. Indonesia followed closely as the second-largest supplier, delivering 103,788 tons and holding a 31% market share. Click for more ➡️ https://lnkd.in/exiMqi4i TR ➡️ https://lnkd.in/eX8P3s56 #slab

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Turkiye's exports of billet and bloom increased by 11.1% in January-May According to data compiled by SteelRadar analysts from the Turkish Statistical Institute (“TUIK”), Turkiye's billet and bloom exports in May increased by 111.7% compared to the same month of the previous year, rising from 4,386 tons to 9,285 tons. This figure increased by 1794.9% compared to the previous month, April. In April, 490 tons of exports were realized. Click for more ➡ https://lnkd.in/dDR6WGPY #billet TR ➡ https://lnkd.in/d6Zs7kh5 #kütük

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Turkish steelmaker Tosyali Holding plans to invest $1.5-2 billion a year in global expansion, covering Africa and Saudi Arabia, as well as potential acquisitions and partnerships in Europe and America. Told the company’s Chairman of the Board of Directors Fouat Tosyali. Tosyali plans to increase its steelmaking capacity to 20 million tons from the current 14 million tons within five years. The company, which has invested similar amounts in recent years, has production facilities in Algeria, Spain and Turkey, and owns iron ore mines in Angola. The group also intends to manage a special economic zone in Senegal, including the construction of its own steel plant. In addition, Tosyali plans to invest about $5 billion in an integrated steel mill in Saudi Arabia with a capacity of 4 million tons per year. «While we are not actively seeking partnerships, we are keeping our options open for partnerships with local private/sovereign investors (in Saudi Arabia),» said Fouat Tosyali, adding that he expects to complete the investment within three years. According to him, Tosyali is also looking for investment opportunities in Europe and America in line with its goal of becoming one of the world’s 30 largest iron and steel producers. According to WorldSteel, the company is currently ranked 77th. Fouat Tosyali noted that investments in green production will also be a priority. The company may soon sign hydrogen deals in Europe and America. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #investments #Türkiye #Tosyali #iron #ore #metals #mining

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Türkiye's iron ore imports increased by 37.9% in the January-March period According to the information compiled by SteelRadar from the Turkish Statistical Institute (TUIK) data, Türkiye's iron ore imports in March increased by 33% compared to the same month of the previous year, rising from 643,055 tons to 856,230 tons. It decreased by 16.7% compared to the previous month, February. Total #ironore imports in the January-March period increased by 37.9%, rising from 1 million 837 thousand 613 tons to 2 million 533 thousand 518 tons. Click for more ➡ https://lnkd.in/dfdzuVh7 TR ➡ https://lnkd.in/dV8HyJtX #demircevheri

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Türkiye's wire rod imports decreased by 52.6% in the January-June period According to data compiled by SteelRadar from the Turkish Statistical Institute (TÜİK), Türkiye's hashtag #wirerod imports in June 2024 decreased by 82.4% y/y, decreasing from 77,661 tons to 13,656 tons. Compared to the previous month, the decline was 78.30%.

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🇹🇷 ➡️ Türkiye’s slab imports increased in September: Russia and Indonesia were the main suppliers Türkiye’s slab imports reached 336,385 tons in September, marking a y-o-y increase of 74% and an 11% rise from August. The average import price was recorded at USD 507 per ton, with Russia and Indonesia as the main suppliers. Russia provided the largest portion of Türkiye’s imports, supplying 152,529 tons in September, accounting for 45% of total imports. Although this represents a 33% annual increase, Russia’s share has fallen from 59% in September 2023, with volumes remaining stable compared to August levels. Indonesia followed closely as the second-largest supplier, delivering 103,788 tons and holding a 31% market share. https://lnkd.in/exiMqi4i

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