The MMK Metallurgy () is a multi-national steelmaking company established 2007 in Iskenderun, southern Turkey. Company's main plant, located in Dörtyol, began production in 2011 after three years of construction time. The total investment is worth of $2.7 billion. An agreement to found a joint venture company for manufacturing flat steel products was signed on May 23, 2007 in Iskenderun between Viktor Filippovich Rashnikov, chairman of the Russian steelmaking company Magnitogorsk Iron and Steel Works (MMK) and Recep Atakaş, chairman of the Turkish Atakaş Group of Companies. The foundation of the plant, covering an area of in Dörtyol district of Hatay Province, was laid during a ceremony held on March 15, 2008. Already in the beginning of 2009, plant's service center consisting of a hot shear line, and a combined cold shear and slitting line went in operation. The construction of the plant was completed in 2010, and it was officially opened by the Turkish Prime Minister Recep Tayyip Erdoğan on March 9, 2011. The construction of another plant is planned in Istanbul. The Italian company Danieli provided the key process equipment required. The plant has an annual production capacity of of various flat steel products. The company employs about 2,500 people. As stated by Victor Rashnikov, the production is planned mainly for the domestic market. However, exportation into countries in Europe and Middle East are in consideration. The MMK Metallurgy owns a seaport with a berthing length of , at which in total twelve vessels any type of dry bulk, general cargo, scrap iron carriers, container ships and ro-ro vessels up to 100,000 DWT can be berthed and handled at the same time. The seaport is since April 5, 2010 in operation. Plant The steel plant consists of five product lines at three facilities, in Dörtyol, Iskenderun and Istanbul, for the processing of different flat steel products: Service center Two service centers are in operation, in Iskenderun and Istanbul. They are equipped with a hot shear line and a combined cold shear and slitting line. At the hot shear line, steel coils of thickness and width can be cut to sheets of length. The combined line is capable of processing coils with material thickness of and width of to slices of minimum width and length. Color coating line At this line, yearly coils of thickness and width can be color coated. The color coating line went in operation by