Tel :
Tel :
In the first half of 2025, NK K/E steel Turkish integrated long steel producer Kardemir faced pressure on both revenue and profit due to an unfavorable domestic and international price environment. However, thanks to increased sales and reduced costs, its net loss narrowed significantly year-on-year. The company achieved revenue of 29.9 billion lira (US$796 million) in the first half of the year, down 8.9% year-on-year (down 23.1% in US dollar terms), primarily due to lower prices, despite a 17.1% year-on-year increase in sales volume. Revenue declined in both domestic and export markets.
Operating costs fell to 28.3 billion lira (US$754.6 million), down 8% year-on-year (down 22.4% in US dollar terms).NK K/E steel The company recorded an operating loss of 400.8 million lira (US$10.7 million), a slight increase from the same period last year, but its net loss narrowed to 254.2 million lira (US$6.8 million), a nearly 90% year-on-year decrease.
In terms of capacity utilization, crude and finished steel output saw a slight year-on-year increase, with steel capacity utilization rising from 71.46% to 73.43%. Performance in the rolling segment was mixed: continuous rolling mill utilization increased significantly to 86.05% (compared to 63.03% in the same period last year), while rail and section mill utilization decreased slightly to 92.97%. NK K/E steel Utilization rates for a wire rod mill and a railway wheel production line decreased to 56.43% and 14.72%, respectively. Overall, while the company maintained stable production and sales, profitability remained constrained by weak market prices.
