August 28, 2008

MMK and Atakas Turkish JV to start construction in March

Turkish daily Yeni Safak reported that Magnitogorsk Iron & Steel Works and Turkey's Atakas Group will begin building a USD 1.4 billion steel plant in Turkey in March 2008.

The plant, in the southern province of Iskenderun, will produce 2.5 million tonnes of hot and cold rolled steel.