3 Source: Platts / IODEX
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
200 | 250 | 300 | 350 | 400 | 450 | 500 | 550 | 600 | 650 | 700 | USD/TON |
(HMS CFR | Scrap |
Turkey | Prices |
Mid) |
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
0 | 100 | 200 | 300 | 400 | 500 | Coking Coal Prices USD/TON(HCC Peak Downs Region FOB 600 | COMMODITY PRICES |
Australia) |
HRC Black Sea Export HRC China Export HRC S. Europe Domestic
200 | 400 | 600 | 800 | 1.000 | 1.200 | 1.400 | 1.600 | USD/TON |
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
HRC Prices
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
50 | 100 | 150 | 200 | USD/TON 250 |
(IODEX 62% Fe | Iron |
CFR North | Ore Prices |
China Mid) |
TURKISH STEEL INDUSTRY
PRODUCTION (MN TONS)
25.624.4
9.88.8
15.815.6
8M 2022 | 8M 2023 |
CONSUMPTION (MN TONS)
26.1
22.2
13.3
12.3
9.912.8
8M 2022 | 8M 2023 |
EXPORTS (MN TONS)
11.0
3.5
6.4 | |||||
6.9 | 2.1 | ||||
4.2 | |||||
0.6 | |||||
0.1 | |||||
8M 2022 | 8M 2023 |
IMPORTS (MN TONS)
12.4
10.2
6.6
6.1
1.4
0.9
3.24.4
8M 2022 | 8M 2023 |
4
Source: TSPA | Flat Steel | Long Steel | Semi-Product (Slab+Billet) |
463 Million USD | 10.1% |
EBITDA | EBITDA Margin |
5.3 Million Tons | 5.2 Million Tons | 4,570 Million USD |
Total Production | Total Sales | Revenue |
OPERATIONAL INDICATORS
LIQUID STEEL PRODUCTION (000 TONS)
6,142
5,080
1,944 1,994 1,862
Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 |
CRUDE STEEL CAPACITY UTILIZATION RATIO
91% 89% 94%
82%
69%
2019 | 2020 | 2021 | 2022 | 9M 2023 |
PRODUCTION (000 TONS) | ||||||||||
6,110 | ||||||||||
617 | 5,290 | |||||||||
2,040 | 1,335 | 420 | ||||||||
1,843 | 1,848 | 1,238 | ||||||||
220 | ||||||||||
138 | 140 | |||||||||
431 | ||||||||||
400 | 402 | |||||||||
4,158 | 3,632 | |||||||||
1,305 | 1,306 | 1,389 | ||||||||
SALES VOLUME (000 TONS) | ||||||||
5,821 | ||||||||
623 | 5,213 | |||||||
1,369 | 410 | |||||||
1,877 | 2,007 | 1,298 | ||||||
1,653 | 232 | |||||||
164 | ||||||||
102 | 434 | |||||||
422 | ||||||||
402 | ||||||||
3,829 | 3,505 | |||||||
1,291 | 1,341 | |||||||
1,149 | ||||||||
7
Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 | Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 |
Long Cold Hot
DOMESTIC SALES BREAKDOWN AND EXPORT
FLAT STEEL DOMESTIC SALES (000 TONS)LONG STEEL DOMESTIC SALES (000 TONS)9M 23 | 9M 23 | |||||||||||
Automotive | Rebar and Profile Producers | |||||||||||
13% | 12% | |||||||||||
(563) | (42) | |||||||||||
9M 22 | 9M 22 | |||||||||||
(14%) | 15% | |||||||||||
(629) | (84) | |||||||||||
43% | Pipe&Profile and Rolling | 23% | ||||||||||
(1,854) | 14% | General Manufacturing Industry | ||||||||||
23% | (46%) | |||||||||||
(1,012) | 23% | (2,007) | (80) | (84) | ||||||||
(1,026) | ||||||||||||
71% | ||||||||||||
17% | 65% | (396) | ||||||||||
General Manufacturing Industry | (724) | High Carbon and Special Qualities | (239) | |||||||||
21%
(902)
8
Distribution Chains
EXPORT VOLUME (000 TONS)
15.0% | ||||||||
16.6% | 9.9% | |||||||
11.4% | Export | |||||||
9.9% | Share in Total Sales | |||||||
875 | ||||||||
312 | 228 | 517 | ||||||
163 | ||||||||
Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 |
FINANCIAL INDICATORS
NET SALES REVENUE (USD MN)
6,343 | |||||||||||||||
1,064 | |||||||||||||||
4,570 | |||||||||||||||
2,040 | 1,674 | 535 | |||||||||||||
374 | 1,502 | ||||||||||||||
199 | 5,279 | ||||||||||||||
1,666 | 185 | 4,035 | |||||||||||||
1,475 | |||||||||||||||
1,317 | |||||||||||||||
Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 | |||||||||||
Export | Domestic | ||||||||||||||
EBITDA | 25.8% | ||||||||||||||
12.2% | 14.0% | 13.8% | |||||||||||||
1,634 | 10.1% | ||||||||||||||
249 | 210 | 231 | 463 | ||||||||||||
Q3 2022 | Q2 2023 | Q3 2023 | 9M 2022 | 9M 2023 |
EBITDA (USD mn) | EBITDA Margin (%) |
9
EBITDA PER TON (USD/TON)
413 | 418 |
336 | 335 329 |
250
124 | 117 | 144 | 124 | 141 111 |
67 95 103 | 48 | |||
8 | ||||
Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 |
NET PROFIT (LOSS)
14.8%
5.3% | 936 | ||||||||||
109 | 0.2% | ||||||||||
3 | |||||||||||
(183) | (175) | (3.8%) | |||||||||
9M 2022 | 9M 2023 | ||||||||||
Q3 2022 | Q2 2023 | Q3 2023 | |||||||||
(12.2%) | |||||||||||
Net Profit (USD mn) | Net Profit Margin (%) |
EBITDA | NET PROFIT (USD MN) | |||||||||||||||||||||
(161) | (17) | |||||||||||||||||||||
136 | (142) | (452) | ||||||||||||||||||||
463 | 438 | |||||||||||||||||||||
(138) Corp. | ||||||||||||||||||||||
Tax | ||||||||||||||||||||||
(314) Defr. | ||||||||||||||||||||||
Tax | (175) | |||||||||||||||||||||
(2) | ||||||||||||||||||||||
EBITDA (9M 2023) | Depreciation | Consolidation | Operating | Investing | Finance | Tax Inc./(Exp.) | Non-Controlling NET PROFIT (9M 2023) | |||||||||||||||
Classification | Income | Activities | Inc./(Exp.) | Interests | ||||||||||||||||||
Inc./(Exp.) |
EBITDA CHANGE IN CASH (USD MN)
93 (54) (55)
463
(27) | (53) | |
(855) | (261) |
651 | (98) |
(408)
10
EBITDA | Changes in | Interest | Taxes Paid | Net Cash used | Free Cash | Credit Usage/ | Erdemir Share | Financial | Foreign Currency | CHANGE IN CASH |
(9M 2023) | Working Capital | Inc./(Exp.) | in Investing | Flow | (Payment) Net | Buy-Back | Investments | Translation | (9M 2023) | |
Net | Activities | Reserves, Accrual | ||||||||
Adjustments and | ||||||||||
Other Payments | ||||||||||
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Disclaimer
Eregli Demir ve Çelik Fabrikalari TAS published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 17:52:36 UTC.