In the second quarter of 2010, Bursa-based Turkish steelmaker Cemtas Celik Makina Sanayi ve Ticaret A.S (Cemtas) increased its sales revenue by 69.54 percent year on year to TRY 42.74 million ($28.71 million), while recording a loss of TRY 6.48 million ($4.35 million) compared to a loss of TRY 77,527 in Q2 2009. As SteelOrbis previously reported, in the first quarter of this year Cemtas recorded a profit of TRY 324, 500.
Meanwhile, in the first half of 2010, Cemtas' sales revenue amounted to TRY 80.06 million ($53.78 million), increasing by 80.45 percent year on year. The company registered loss of TRY 6.15 million ($4.13 million) in the given period, compared to a loss of TRY 376,472 in the corresponding period of 2009.
In the January-June period of 2010, Cemtas' total sales amounted to 62,528 metric tons, climbing by 92.43 percent compared to the corresponding period of the previous year. Of the total sales volume, 23,096 metric tons were shipped to the domestic market - up 59 percent, while sales to foreign markets jumped by 112 percent, reaching 39,432 metric tons, both compared to H1 2009. In the period in question, the share of export sales in the company's total sales came to 63 percent, compared to 56 percent in H1 2009.
In the six-month period in question, Cemtas' steel billet output totaled 70,173 metric tons, improving by 93 percent year on year, while its rolled steel output rose by 84 percent year on year, amounting to 60,869 metric tons.
Cemtas stated that it continues to operate a three-shift regime without interruption, while it also said that it expects lower demand and supply in the second half of this year.
Cemtas is specialized in the production of special grade steel, mainly for the automotive and machine manufacturing industries. The company has a melt shop with an annual capacity of 153,150 metric tons, and a rolling mill with an annual capacity of 228,160 metric tons.