News Global Market steel production 23 December 2022
The complex will have a capacity of 4 million tons per year
Tosyali Holding, one of the largest Turkish producers of steel and steel pipes, is going to put into operation a new complex for the production of flat products in 2023. SteelOrbis reports about it.
The Sarıseki complex in the second organized industrial zone of Iskanderun will have a capacity of 4 million tons per year, the investment amounted to $2.5 billion. Initially, it was planned to be put into operation at the end of this year. The new production will contribute to the development of the region’s economy and will additionally provide work for about 1.5 thousand people.
The project, upon reaching the planned capacity, will bring the total volume of Tosyalı Holding’s steel production to 10 million tons per year.
The Tosyalı Demir Celik Sarıseki site, which is the largest industrial facility in the country, has two steel mills, each equipped with a quantum arc furnace. Thanks to the technologies that will be used in production, the object, according to chairman of the Tosyalı Holding’s board, Fuat Tosyali, will consume 15% less gas and 30% less electricity.
As GMK Center reported earlier, the state energy company of Montenegro Elektroprivreda Crne Gore (EPCG) will purchase the steel plant Toscelik Niksic from the Turkish Tosyali Holding for €20 million. The initial payment of €15 million will be made by January 15, 2023. Another €5 million will be paid by EPCG on February 15, when it receives full ownership of the enterprise. Toscelik Niksic produces alloy steel, non-alloy steel, roller-bearing steel, tool steel, and heat-resistant steel.
Also, in October 2022, steel production in Turkiye decreased by 17.8% y/y – to 2.9 million tons. For 10 months of 2022, the total steel production in the country decreased by 10.1% year-on-year – to 30.2 million tons.