[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_PartialOrCompleteSuspensionOrImposssibilityOfOperationsAbstract|
Partial Or Complete Suspension Or Imposssibility Of Operations
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfSituationOccured|
Nature Of Situation Occured
Temporary shift reduction in Steel Mill and Rod Rolling Mill sections.
oda_InformationAboutOperationsSupendedOrBecameImpossible|
Information About Operations Suspended Or Became Impossible
The reduction of our company's production by one shift in the Steel Mill section and two shifts in the Rod Rolling Mill section.
oda_ReasonOfSuspensionOrImpossibilityOfOperations|
Reason Of Suspension Or Impossibility Of Operations
Measures taken for more efficient use of resources and protection from cost losses as a result of the contraction in the Long Steel Products (Ribbed Rebar) market and increasing production costs.
oda_DecisionDateOfAuthorizedBodyIfExits|
Decision Date Of Authorized Body If Exits
-
oda_ValidityDateOfSuspensionOrImpossibilityOfOperations|
Validity Date Of Suspension Or Impossibility Of Operations
02.09.2022
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalProductionOfCompany|
Effect of Suspension or Impossibility of Operations on Total Production of Company
Under normal conditions, our company's one-day, 1-shift Steel Mill production is approximately 1,300 tons, and Rod Rolling Mill production is around 900 tons. As the market conditions become suitable, the relevant shifts will start again.
oda_EffectOfSuspensionOrImpossibilityOfOperationsOnTotalSalesOfCompany|
Effect of Suspension or Impossibility of Operations on Total Sales of Company
As a result of the contraction experienced in the Long Steel Products (Ribbed Rebar) market and increasing production costs, an action was taken to protect against cost losses in the said period, and shifts were reduced.
oda_ShareOfPartiallySuspendedOperationsInTotalProductionAndSalesOfCompany|
Share Of Partially Suspended Operations In Total Production And Sales Of Company
1 shift Steel Mill production will decrease by approximately 1,300 tons (33.33%) per day, and 2 shift Rod Rolling Mill production will decrease by approximately 1,800 tons (66.66%) per day.
oda_NumberOfPersonnelWhoseEmploymentContractsWereOrWillBeTerminated|
Number Of Personnel Whose Employment Contracts Were Or Will Be Terminated
-
oda_TotalAmountOfSeveranceAndTerminationPaysThatWasOrWillBePaid|
Total Amount Of Severance And Termination Pays That Was Or Will Be Paid
-
oda_PrecautionsTookIntoConsiderationByCompanyManagement|
Precautions Took Into Consideration By Company Management
Our company will focus on the production and sales of Profile Iron until the contraction in the Long Steel Products (Ribbed Construction Iron) market ends.
oda_ConditionsRequiredForGoingIntoOperationAgain|
Conditions Required For Going Into Operation Again
Long Steel Products (Ribbed Rebar) when the recession in the market is over
oda_ExpectedDateToBeginOperations|
Expected Date To Begin Operations
-
oda_EffectsOnContinuityAssumptionOfCompany|
Effects On Continuity Assumption Of Company
It has no effect.
oda_ExplanationSection|
Explanations
oda_AdditionalExplanationTextBlock|

As a result of the seasonal contraction in the Long Steel Products (Ribbed Rebar) market, there is a decrease in the demand for the relevant product. Due to increasing production costs and economic conditions, within the framework of proactive management approach, in order to use resources more effectively and efficiently and to prevent possible cost losses;

We have reduced our production to two shifts by temporarily interrupting production in one shift in the Steel Mill section of our company's production, and reduced our production to one shift in the Rod Rolling Mill section by temporarily interrupting production for two shifts. Production in our Profile Rolling Mill facility will continue as normal.

These actions are temporary and in order to ensure the continuity of operations, the shifts in question may be increased within this dynamic process, taking into account the developments in the Long Steel Products (Ribbed Rebar) market, production costs, demand and orders.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.