Tosyali Holding, one of the leading Turkish steelmakers, has set in motion a $2.5 billion investment program aimed at lifting the company into the world’s top 20 steel producers, Chairman Fuat Tosyali announced, outlining a broad expansion strategy spanning Africa and Türkiye.
A large share of the investment is focused on Algeria, where Tosyali is expanding with an additional 3 million tons of capacity, set to double daily output from 50,000 to 100,000 tons within 30 months.
The company is allocating 700,000 tons of its 1.6 million-ton…
