Turkey's OYAK Mining Metallurgy Group reported devastating financial results for early 2025, with net profits collapsing to TRY 447.90 million from the previous period's TRY 5.85 billion. The conglomerate, which generates USD 4.9 billion in exports representing 2.2% of Turkey's total, faces mounting challenges from global steel oversupply, reduced infrastructure spending & intensified Chinese competition. Despite substantial assets worth TRY 296 billion, the company must implement comprehensive operational restructuring & market diversification strategies to navigate current industry headwinds & restore sustainable profitability.