Turkish steelmakers Erdemir and Isdemir report higher third-quarter profits
Erdemir and Isdemir posted higher net profit and revenue for the third quarter, according to Reuters. Both companies report in Turkish lira.
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what happened
Turkish steelmakers Erdemir and Isdemir reported higher profits for the third quarter. Erdemir's net profit came in at 2.2 billion lira, compared with 651.2 million lira a year earlier, while its revenue reached 71.3 billion lira against 53.0 billion lira a year ago.
Isdemir earned 3.2 billion lira in net profit, up from 1.6 billion lira a year earlier. Its revenue rose to 38.8 billion lira from 33.5 billion lira. The figures are based on a Reuters report.
why it matters
The results matter as a gauge of Turkey's steel sector and demand for the metal. Stronger revenue and profit in lira could draw investor attention to Turkish industrial issuers and to the direction of the local currency.
market impact
Turkish steel: profit growth supports Erdemir and Isdemir shares
tags
instruments
sources
- Erdemir Q3 Net Profit Up At 2.2 Bln Lira YoY — Reuters, 22 October 2026 at 16:04 UTC
- Isdemir Q3 Net Profit Up At 3.2 Bln Lira YoY — Reuters, 22 October 2026 at 16:04 UTC
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