Erdemir Group, Turkey's largest and Europe's fifth largest steelmaker, achieved a net profit of TRY 418.1 million ($278.7 million) in the first half of 2010, compared to a net loss of TRY 196 million ($131.5 million) in the corresponding period of 2009. On the other hand, Erdemir Group recorded consolidated sales of TRY 3.2031 billion ($2.1135 billion) in the first half of the current year, up 39 percent year on year, due to progress in both the long and flat steel markets.
In addition, Erdemir's Ereğli works produced 698,000 mt of cold rolled coil and 996,000 mt of hot rolled coil in the six months in question, totaling 1,694,000 mt, down16 percent year on year. On the other hand, Erdemir's Iskenderun works produced 827,000 mt of long steel and 912,000 mt of hot rolled coil, totaling 1,739,000 mt, up 33 percent year on year.