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November 10, 2021

MMK strengthens position in the Turkish steel market

The Republic of Turkey is currently the key consumer of Russian flat products in the Middle East and North Africa region, and MMK Group's position in the Turkish market has been positively affected by the launch of hot-rolled steel production at MMK Metalurji.

Igor Sapozhnikov, lead analyst in MMK’s Strategic Development Department, spoke about this at the 10th MENA Billet & Flats conference held in Istanbul on 5 November. Due to COVID-19-related restrictions, MMK's representative attended the conference via video link.

"MENA Billet & Flats" is a platform which unites participants in the Middle East and Northern Africa (MENA) region's steel products markets. At the conference, Igor Sapozhnikov gave a brief overview of the Russian steel market, spoke about flat steel exports from Russia, and also highlighted MMK's prospects for export development: although the Group is primarily focused on the Russian domestic market, sales to foreign markets are also important – in terms of utilising all production capacities and maintaining flexibility in the sales structure.

Turkey is currently the key importer of rolled steel from Russia in the MENA region: in 2020, Russian manufacturers shipped more than 2.1 million tonnes of flat steel to Turkish consumers, which exceeds the total volume of domestic rolled steel shipped to all other countries in the region. This situation is due to Turkey's high demand for steel: on the one hand, its economy has been growing in recent years and is in constant need of rolled steel; on the other hand, Turkey, due to its advantageous geographical position, is actively exporting rolled steel to Europe, North Africa and the Middle East.

Turkey plays an important role for MMK Group as well: in 2021, the Group resumed hot-rolled steel production at its Turkish asset in Iskenderun, MMK Metalurji, by launching an electric steelmaking shop (EAF) with a casting and rolling module at the site. MMK estimates that this year the Turkish asset will produce up to 260 thousand tonnes of hot-rolled steel, about half of which will be sold on the Turkish domestic market. And in 2022, the EAF should reach its full design capacity.

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