Turkish specialty steel producer Asil Celik A.S. (Asil Celik) has announced its financial results for 2013, reporting a net profit of TRY 25.6 million ($11.6 million), up 7.4 percent compared to the previous year. Sales revenues of the company decreased by 1.7 percent year on year to TRY 518.1 million ($235.2 million). The company registered an operating profit of TRY 39.4 million ($17.8 million) in the given period, up 23 percent year on year.
In 2013, Asil Celik produced 350,120 mt of liquid steel, increasing by 9.3 percent year on year. In the same period, the company's rolled steel output at its large section rolling mill amounted to 167,893 mt, up 2.15 percent, while rolled steel output at its medium section rolling mill was 156,374 mt, up 16.7 percent, both year on year.
According to Asil Celik, in 2013 domestic demand improved, while in foreign markets the US energy industry showed no positive growth. European countries indicated no significant economic growth. Asil Celik said that the company's domestic sales increased, while its exports declined in 2013. Furthermore, the steel producer underlined that low quality imports from China, Russia and Ukraine continue to impact its sales.