Kocaer Steel net profit rises in Jan-Sep 2026

Kocaer Steel's net profit increased 49.4pct YoY to TRY 873.3 mln (USD 17.5 mln) in the first nine months of 2026, compared with TRY 584.4 mln in the same period last year.

Revenue declined 11.3pct YoY to TRY 19.84 bln (USD 396.9 mln), from TRY 22.37 bln.

The Turkish steel producer's total sales volume edged down 0.9pct YoY to 498,036 tons. However, sales of value-added profiles increased 6pct to 234,220 tons, accounting for 47pct of total sales.

Structural steel profile sales increased to 159,912 tons from 128,497 tons a year earlier, while U and C-shaped profile sales declined to 43,683 tons from 77,453 tons. I and H-shaped profile sales fell to 60,221 tons from 75,297 tons.

Exports and export-registered sales accounted for 72pct of the company's total revenue during the first nine months. Kocaer also resumed sales to the US in the second quarter after shipments had been disrupted by higher tariffs on steel imports.

Kocaer Celik operates three steel profile plants in Aliaga with a combined annual capacity of 800,000 tons, along with a 180,000 tons per year steel service center and a 100,000 tons per year galvanizing facility.

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