OREANDA-NEWS. Magnitogorsk Iron and Steel Works (MMK) together with Atakas Group are planning to build a metal works in the Republic of Turkey with a capacity of 2,6 million tons of metal products per year.

According to the information and public relations department of OJSC “MMK”, the new works will specialize in the production and processing of hot and cold-rolled sheet as well as galvanized and color-coated rolled steel products.

The project site is in the industrial areas of Iskenderun and Istanbul. The project is expected to take more than three years to realize and has the approximate cost of $1,1 billion.