Russian steelmaker MMK plans to launch hot-rolling production at its Turkish asset MMK Metalurji by mid-April. As for the cold rolling section, a continuous picking unit and reversing mill, following the earthquake in Turkey, we already launched that a week ago and will restore hot-rolling, which was stopped in November as business activity slowed, in a about a month, says Mr. Viktor Rashnikov, chairman of the MMK, reports InterfaxThe polymer coating plant had restarted this week, says Mr. RashnikovMMK Metalurji includes an electric steelmaking shop with a casting and rolling module, a cold rolling mill, a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Iskenderun, and a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Istanbul. The design capacity of the plant is 2.3M metric tonThe Turkish MMK asset, as well as the plant itself and its controlling shareholder Mr. Viktor Rashnikov, were included in the SDN sanctions list last summer. OFAC's license to wind down operations with MMK Metalurji was issued until the end of January 2023.
Russian steelmaker MMK plans to launch hot-rolling production at its Turkish asset MMK Metalurji by mid-April. As for the cold rolling section, a continuous picking unit and reversing mill, following the earthquake in Turkey, we already launched that a week ago and will restore hot-rolling, which was stopped in November as business activity slowed, in a about a month, says Mr. Viktor Rashnikov, chairman of the MMK, reports InterfaxThe polymer coating plant had restarted this week, says Mr. RashnikovMMK Metalurji includes an electric steelmaking shop with a casting and rolling module, a cold rolling mill, a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Iskenderun, and a steel service center with a continuous hot dip galvanizing plant and a polymer coating plant in Istanbul. The design capacity of the plant is 2.3M metric tonThe Turkish MMK asset, as well as the plant itself and its controlling shareholder Mr. Viktor Rashnikov, were included in the SDN sanctions list last summer. OFAC's license to wind down operations with MMK Metalurji was issued until the end of January 2023.
