“The decision to suspend hot-rolled production at the MMK Metalurji site in Iskenderun was made by us on the basis of economic efficiency considerations. At that time, the situation in the Turkish market was characterized by high prices for raw materials and energy resources and low prices for metal products. The current situation allows us to resume the operation of the electric steel-smelting complex, which is a very important part in the structure of our Turkish asset, "said Viktor Rashnikov, Chairman of the Board of Directors of PJSC MMK.
$ 40 million. After restarting the hot section and reaching full capacity of the complex, we plan that the volume of production here will amount to about 2 million tons of hot-rolled coils per year, which will allow our Turkish asset to receive a significant increase in EBITDA, "said Pavel Shilyaev, General Director of PJSC MMK.
The phased launch of an electric steel-making shop with a casting and rolling module at the MMK Metalurji industrial site in Iskenderun implies a gradual increase in production volumes. In total, it is planned to produce 200-260 thousand tons of hot-rolled steel in 2021, reaching its full design capacity in 2022.
MMK Metalurji (part of the PJSC Magnitogorsk Iron and Steel Works Group) is a modern metallurgical complex in the territory of the Republic of Turkey. The complex includes an electric steel-making shop with a casting and rolling module, a cold rolling mill, a service metal center with a continuous hot-dip galvanizing unit and a polymer coating unit in Iskenderun, a service metal center with a continuous hot-dip galvanizing unit and a polymer coating unit in Istanbul. The complex in Iskenderun also includes a seaport capable of receiving ships with a displacement of up to 100 thousand tons.