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Turkey's Yükselen Çelik to increase capacity in 2023 in spite of adverse Q3 outcomes

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Turkish steel producer Yükselen Çelik has mentioned that its financial outcomes taped in the 3rd quarter of this year were unusually adverse compared to the previous quarters. In the 3rd quarter this year, the company's net profit concerned attempt 3.73 million ($ 200.440), compared to a web profit of shot 21.21 million in the very same quarter in 2014. In the given period, Yükselen Çelik registered an operating profit of TRY 32.32 million ($ 1.73 million), reducing by 9.8 percent year on year.Despite the unfavorable outcomes videotaped in the third quarter, the business's financial investment program continues as common. With the conclusion of its financial investments in 2023, the company's capability, which had actually formerly boosted from 25,000 mt to 100,000 mt, will certainly be increased to 200,000 mt. .

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