[SMM Stainless Steel Flash] Nikel Paslanmaz to Invest $150M in Turkey’s Integrated Stainless Steel Production

Published: May 12, 2026 09:34

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Turkish exporter Nikel Paslanmaz has unveiled a $150 million investment plan to enhance its production and global reach. The company will spend $100 million on an integrated stainless steel bar facility in Sakarya, set for a late 2028 launch, and another $50 million on a 50,000-ton cold-rolling sheet plant in Kocaeli by late 2027. Internationally, it plans to establish a 50,000-ton stainless service center in the UK with a $4 million investment. Board member Kemal Yalgın emphasized that with Turkey importing nearly 700,000 tons of stainless steel annually, shifting toward integrated domestic production is a strategic necessity for the nation's industry.

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