Turkey’s Izmir Demir Celik starts 2019 on low note

摘要

Turkey’s long steel producer Izmir Demir Celik (IDC) remained under pressure ofchallenging business conditions as the country is generally struggling with rebar sales both domestically and abroad. As a result, IDC operations remained unprofitablein January-March 2019.The steel division of IDC witnessed the lira-based sales revenue sliding by 9% toTRY 839.7 million, while the figure in the US dollars lost over 36% to $149.2 millionyear-on-year in Q1 2019, according to the corporate financial report.