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“In fact, we wanted to start this investment earlier. But, the pandemic disrupted our investment,” Mustafa Atakaş, board member of the company, said. He stated that employment at the plant will double from 550 after the investment.

Stating that the steel industry has been having a good period, Mr. Atakaş said that sales to the export markets are strong to meet increasing demand amid the problems experienced in the supply chain in the Far East and the plant shutdowns in Europe due to the pandemic.

Regarding the Green Deal, “Although the carbon duty has not been clarified yet, it is clear that it will greatly affect our industry in the near future. We will see the main impact on the side of HRC producers who produce with blast furnace and electric arc furnace technologies. As the biggest user of these products, we may be subject to some restrictions or duties on the raw materials we use when exporting to the EU,” he commented.

Atakaş Çelik currently has an annual production capacity of 700,000 mt of CRC, HDG and coated steel.