Turkey-based BMS Çelik signed a Steel Mesh Sales contract with US-based Intermetal- International Metal for shipment in August 2021. While the contract is nominal at 150mt for $160,732 averaging $1071.54/mt, this is the first US destined shipment for the firm which is making a commitment to developing export markets.
BMS Çelik has an annual capacity of 120,000mt of wire mesh and 120,000 units of cold-drawn rods. BMS realizes about 30pc of Turkey’s steel mesh exports.
BMS Çelik’s unconsolidated revenues rose by 18.6pc to TRY61mn ($7.2mn) in March ended Q1 2021 compared to the year-ago quarter. Gross profit grew by 44.1pc to TRY5.4mn as operating profit increased by 21.1pc in Q1 2021 against the same quarter in 2020.