In the first half of the current year, Turkish integrated long steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) posted a consolidated profit of TRY 97.93 million ($55.59 million) compared to a profit of TRY42.55 million recorded in H1 2010, up by 130.12 percent.
In the given period, Kardemir's sales revenues increased 47.2 percent year on year to TRY 719.59 million ($408.71 million).
In the first half of this year, Kardemir produced 367,800 mt of metallurgical coke - up 2.9 percent, 652,988 mt of crude steel - up 14.5 percent, and 34,139 mt of pig iron - up 60.4 percent, all compared to the corresponding period of the previous year. Meanwhile, in the quarter in question, the company's billet output totaled 477,583 mt, increasing by 12.08 percent, while its bloom output amounted to 160,603 mt, rising by 22.9 percent, both compared to H1 2010.
In the January-June period of this year, Kardemir's rebar output increased by 7.3 percent to 281,474 mt, its section production increased by 27.7 percent to 53,687 mt, while its rail product output totaled 64,256 mt - up 35 percent, all compared to the corresponding period of the previous year.