Erciyas Celik Boru revenue falls sharply in 9M 2026

Erciyas Celik Boru reported a sharp decline in revenue and a wider net loss in the first nine months of 2026, although the company continued to develop new products and expand into rail and emerging transport technologies.

The Turkish steel pipe producer recorded revenue of TRY 3.35 bln (USD 67 mln) in January-September, down 40 pct YoY from TRY 5.55 bln (USD 111 mln) in the same period of 2025.

The company's net loss attributable to shareholders widened to TRY 539 mln (USD 10.8 mln), compared with a loss of TRY 83 mln (USD 1.7 mln) a year earlier.

Erciyas' business extends beyond its core steel pipe operations. The company produces pipes for oil and natural gas transmission, water infrastructure and construction applications, while also developing products for the hydrogen sector. Its activity report said the company is continuing research into the production of large-diameter Hyperloop tubes and hydrogen pipelines.

The group has also expanded its presence in the rail sector. Its rail business is involved in the maintenance, repair and modification of railway and tram vehicles, as well as the supply and manufacture of rail equipment.

Erciyas said its hydrogen pipe development programme includes work on hydrogen embrittlement testing, as the company seeks to develop products for the emerging hydrogen infrastructure market.

Erciyas Celik Boru, part of Erciyas Holding, specializes in large-diameter welded steel line pipes for the energy, water transmission and infrastructure sectors. The company has annual production capacity of around 600,000 tons and manufactures pipes with diameters ranging from 273 mm to 4,064 mm at its Duzce and Mersin facilities.

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