OYAK Mining Metallurgy Group, a major integrated steel producer in Turkey, has managed to remain profitable in the first half of 2025 despite a sharp decline in financial results. The company's operational performance was buoyed by stronger cooperation with overseas customers, which helped to cushion the impact of a challenging domestic and global market. The news comes as other Turkish steel market dynamics are also in flux. The country's import scrap prices are currently strong due to fresh bookings, indicating a solid demand for raw materials. Concurrently, Turkey is continuing to rely on imported steel slabs, with Russia being a key supplier. This demonstrates a nuanced market environment in Turkey, where a major producer like OYAK is successfully navigating financial headwinds by focusing on export markets, while the country's broader steel sector is seeing shifts in raw material and semi-finished product sourcing.