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6.1.7 Metallurgy & mining sector news
The volume of Turkey’s steel product exports fell 16% y/y to 1.3mn tonnes in January, while the value of exports dropped 1% to $749mn.
The sector’s steel deliveries to the European Union plunged 37% y/y in January. In 2020, the decline in exports to the bloc was 40%.
The Turkish Steel Producers' Association predicts that Turkey’s steel production may exceed 38mn tonnes in 2021.
Turkey ranked first in Europe and seventh in the world as it produced 35.8mn tonnes of crude steel in 2020. Its output increased 6% y/y in 2020.
Turkey imported 1.2mn tonnes of steel in January, down 14% y/y but in terms of value imports rose more than 12% y/y to $872mn.
6.2 Major corporate news 6.2.1 Transport corporate news
6.2.2 TMT corporate news
Istanbul-listed aviation stocks
THYAO
TAVHL
PGSUS
CLEBI
TRYmn
Turkish Airlines
TAV Airports
Pegasus
Celebi Ground Services
Market Value
20,355
9,358
9,120
7,054
Sales/2020
46,448
2,416
4,804
1,542
y/y
-38%
-49%
-56%
-18%
Profit/2020
-5,588
-2,283
-1,965
-169
Proft/2019
4,535
2,369
1,333
192
Profit/Q4-20
-385
-768
-740
35
Profit/Q4-19
1,948
1,419
23
30
Price/Book
0.5
1.1
1.7
19.8
Major Tech Deals in Turkey
Date
Sold
Stake
Price
Buyer
Seller
Mar-21
Getir
-
$300mn
Sequioa, Tiger
Fundraising
Mar-21
DgPays
-
-
EBRD, Goldman
-
Mar-21
Softforay/Softeconomics
-
-
NMS (US)
-
Mar-21
Midas
-
$1mn
Denizbank
Fundraising
Mar-21
NetRD
100%
$8mn
Orion Innovation (US)
Netas (NETAS)
Mar-21
Dream Games
-
$50mn
Index,Balderton, Makers
Fundraising
Feb-21
Brew Games
-
$4mn
Actera
Fundraising
Feb-21
Tarfin
-
TRY46mn
Pasha/Azerbaijan
Fundraising
Feb-21
Teknofix
100%
-
Webhelp/France
-
Feb-21
Malwation
-
-
Alesta, Sertac Ozinal
Fundraising
Feb-21
Mowico
full
$1.6mn
Tmob
-
Feb-21
Legna Medikal
-
-
Semih Kocak
Fundraising
Feb-21
makromusic
-
-
Omer Erkmen
Fundraising
Feb-21
MTS Teknoloji (PayCore)
100%
-
Mediterra/Netherlands
Sancak
Feb-21
Pubinno
-
$1mn
Twozero
Fundraising
Feb-21
Birlesik Odeme
-
-
Oyak Portfoy
-
Jan-21
BluTV
2.77%
-
Twozero
-
37 TURKEY Country Report April 2021 www.intellinews.com