Turkish pipe producer Borusan Pipe returned to profitability in the first quarter of 2026, supported by stronger sales volumes and improved operational efficiency, according to its financial results.
Net profit reached USD 6.3 mln in Q1 2026, compared with a net loss of USD 7.9 mln in the same period last year. Revenue increased by 32.1pct YoY to USD 421.6 mln, while sales volumes rose by 8pct YoY to 280,000 tons.
Borusan Pipe stated that revenue growth outpaced volume growth, supported by an improved product mix, a higher share of value-added products, and disciplined pricing.
For 2026, the company expects sales volumes of 1.15-1.25 mln tons and revenue of USD 2.1-2.3 bln. It also projects EBITDA margin to improve to 8-10pct, supported by continued operational efficiency measures and a higher share of value-added products.
Borusan Boru is a major steel pipe producer with total global production capacity of around 2 mln tons per year. The company operates 11 production facilities and service centers across North America, Europe, and Asia.
Its operations in Turkey have annual production capacity of around 800,000 tons, including ERW and precision tube facilities in Gemlik and Istanbul serving the industrial, construction, energy, and automotive sectors. In Europe, Borusan Boru operates precision tube and automotive component facilities in Italy and Romania with capacity exceeding 30,000 tons per year. Its operations in the United States have combined annual capacity of around 950,000 tons, including ERW, LSAW, and HSAW pipe mills in Texas, Florida, and Alabama.