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MMK says can sell plant in Turkey at good market price

MOSCOW, Dec 8 (PRIME) -- Russia's Magnitogorsk Iron and Steel Works (MMK) may sell its plant in Turkey if receives a proposal at a market price, Chairman of the Board of Directors Viktor Rashnikov said on Tuesday.

"This asset is in our hands today and brings us a certain profit. But, as for the sale, there is such question. Like we said, if there are buyers who offer a good, market price, let's say, a real price, we are ready to consider this," Rashnikov said.

MMK's plant in Turkey was launched in 2011 and has a capacity pf 2.3 million tonnes of metal products per year.

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08.12.2020 18:45