Turkish special steel producer Cemtas Celik reported a net loss of TRY 172.6 mln (USD 3.6 mln) in the first half of 2026, compared with a net profit of TRY 19.9 mln in the same period of 2025.
The company’s net sales revenue fell 9.3pct YoY to TRY 3.44 bln (USD 72 mln).
Cemtas produced 74,719 tons of crude steel in January-June, down 8.8pct YoY from 81,901 tons. Rolling mill production declined 11.1pct to 67,171 tons from 75,545 tons.
Finished product sales decreased 2.9pct YoY to 66,363 tons, including 42,500 tons of domestic sales and 23,863 tons of exports. Export sales accounted for 35.96pct of total rolled product sales, slightly above 35.34pct a year earlier.
Cemtas said steel prices remained generally low during the period due to global developments, pressure from Far Eastern markets, exchange rates, raw material costs and weaker demand. The Turkish automotive sector also contracted, with total vehicle production falling 6.1pct in H1 and passenger car production declining 16.1pct.
Established in 1970, Cemtas specializes in manufacturing and supplying various steel types, including bearing steel, free-cutting steel, spring steel, and tool steel. The company operates a melt shop with an annual production capacity of 193,204 tons and a rolling mill with an annual production capacity of 207,360 tons.
1 USD / 47.7 TRY