The company will add a number of new capacities, including an electric arc furnace, at the Betiua site
Algerian steelmaker Tosyali Algeria, a subsidiary of Turkiye’s Tosyal Holding, will complete the fourth phase of its capacity expansion project by 2025. This is reported by SteelOrbis with reference to an article by Tosyali Algeria representatives in the American publication Midrex.
The company will add a new direct reduced iron plant, an electric arc furnace, hot and cold rolling mills and a galvanizing mill to its site in the Bethia industrial zone (western Algeria).
The new DRI plant, electric arc furnace and hot rolling mill with an annual capacity of 2.5 million tons, 2.4 million tons and 2 million tons, respectively, will be commissioned in 2024.
The cold rolling shop (annual production capacity of 800 thousand tons) and galvanizing shop (annual capacity of 400 thousand tons) will be commissioned in 2025. Technical equipment is currently being installed.
Steel complex Tosyali Algeria plans to triple its export revenues due to the expansion of operations in 2024, said Alp Topcuoglu, the company’s vice president. In 2022, the Algerian company produced 3 million tons of metal products and exported about 1.3 million tons worth more than $800 million.
As GMK Center reported earlier, Tosyali Algeria intends to invest $120-150 million in the construction of a mining and processing plant. In April 2023, the company signed a corresponding memorandum of understanding with the Algerian Feraal. Iron ore will be supplied from the Gara-Dzhebilet deposit. It is planned that the annual production capacity of the joint venture will be 500,000 tons of iron ore concentrate.