Turkish integrated long steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has announced its financial and operational results for the first quarter this year.
In the given quarter, Kardemir registered a net profit of TRY 24.52 million ($540,402), compared to a net loss of TRY 1.94 billion recorded in the same quarter last year. The company registered an operating profit of TRY 757.02 million ($16.68 million) in the first quarter this year, compared to an operating loss of TRY 674.55 million in the first quarter in 2025. Kardemir’s sales revenues decreased by 17.9 percent year on year to TRY 15.47 billion ($341.06 million).
In the first quarter, Kardemir’s consolidated EBITDA was TRY 2.02 billion ($44.53 million), up by 34.5 percent year on year.
In the given quarter, Kardemir produced 633,759 mt of crude steel, up by 2.7 percent, while its pig iron production amounted to 652,649 mt, rising by 0.9 percent, both on year-on-year basis. Meanwhile, the company stated that its product sales volume amounted to 561,682 mt in the first quarter, falling by 11.6 percent year on year.