Turkey's Erdemir sees lower profits this year, studies new investments

Newswire

By Ceyda Caglayan EREGLI, Turkey, April 26 (Reuters) - Turkey's largest flat steel maker Erdemir expects sales volumes this year will be near 2011 levels, but lower prices are seen dragging down profits, its board chairman told Reuters. "We will try to keep our sales volume in 2012 close to 2011 numbers, but profits will be lower than 2011. First quarter results indicate difficulty in achieving last year's profits," board chairman Fatih Tar said. Erdemir posted a net profit of 1.006 billion ...

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