Tosyalı increases global production capacity to 15 million tons of steel per year

Tosyalı Holding, one of the world’s leading steel producers, has increased its steelmaking capacity to 15 million tons per year. The growth was made possible by investments in Turkey and abroad, including the acquisition of the Bastuğ Metalurji steel plant. This was stated by the company’s CEO Fuat Tosyali, SteelOrbis reports.

He emphasized that the last five years have been marked by significant changes in the global economy due to the pandemic, geopolitical instability, macroeconomic imbalances and the development of artificial intelligence. In response to these challenges, the company has invested in capacity expansion and new development scenarios to strengthen the Turkish economy.

In 2024, Tosyalı produced 6 million tons of steel in Turkey, while exporting products to China for the first time. Overall, the country’s annual steel production capacity increased by 2 million tons to 8 million tons per year. The company is also actively developing its business in Algeria, Libya, Angola, Senegal and Spain. Investments are focused on developing renewable energy sources, cyclic production and innovations such as the V-Green steel brand.

Of particular importance is the commissioning of the second direct reduced iron (DRI) plant in Algeria, which uses natural gas. This allows Tosyal to strengthen its position in North Africa and the European market. The company’s total DRI production capacity already reaches 5 million tons.

“Global economic changes, as well as an oversupply of cheap Chinese products in Turkey, pose new challenges to our economy. Our task is to offer quality products at competitive prices while increasing efficiency,” emphasized Fuat Tosyalı.

Tosyalı is also focusing on developing new technologies and cooperating with international partners to reduce its carbon footprint. The company remains focused on sustainable development and preparation for future economic challenges.

As GMK Center reported earlier, Tosyali Algerie plans to complete the fourth phase of its capacity expansion project by 2025. The company intended to 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).