The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced that MMK Atakas Metalurji Sanayi, Ticaret ve Liman Isletmeciligi A.S (MMK-Atakas), its 50 percent plus one share-owned joint venture company with Atakas, one of the leading Turkish mining companies, is expected to produce 67,000 mt of finished steel products up to the end of the current year, while next year the figure is expected to reach 570,000 mt.
Accordingly, by 2013, when the implementation of the project is scheduled to be completed, MMK-Atakas' finished steel output is due to reach 2.252 million mt, while its crude steel output is expected to amount to 2.317 million mt.
MMK-Atakas' finished steel output structure in 2013 is expected to consist of 28 percent hot rolled coil, 20 percent hot rolled sheet, 15 percent color coated coil, 13 percent hot rolled pickled coil, nine percent cold rolled galvanized coil, seven percent cold rolled galvanized sheet, and four percent hot rolled galvanized coil.
As SteelOrbis previously reported, the joint venture company MMK-Atakas was established in 2007 for engineering, constructing and operating an integrated flat steel-making complex, located at two sites in Turkey, at Iskenderun and Kocaeli. The MMK-Atakas project will have an annual production capacity of 2.3 million mt of hot rolled sheet, 750,000 mt of cold rolled sheet, 900,000 mt of galvanized coils, as well as 400,000 mt of polymer coated sheet, and will also include two steel service centers of 340,000 mt annual capacity each.
The MMK-Atakas project is scheduled to be completed by the end of December 2010.
