Major Russian steelmaker Magnitogorsk Iron and Steel Works (
MMK) has disclosed to SteelOrbis that it is looking to expand into foreign markets by buying or building
flats production facilities.
In an interview with SteelOrbis,
MMK identified
Turkey as a possible target for the Russian steel giant's expansion. As the plant's representative put it,
Turkey is a very attractive market since its domestic
flats producers cannot satisfy the market's needs in flat rolled products. Building a plant or acquiring rolling facilities in
Turkey will help
MMK to increase its presence in the county's
flats market.
However,
MMK has strongly emphasized that it is too early to speak about any particular projects or possible locations.