In an interview with NTV Türkiye, Fuat Tosyalı, chairman of both Turkish steelmaker Tosyalı Holding and of the Turkish Steel Producers' Association (TCUD), stated that the Turkish steel industry imports approximately 20 million mt of steel products annually and therefore cannot use its 19 million mt capacity. Mr. Tosyalı stressed that this is not an understandable and sustainable situation for the Turkish economy, adding that urgent measures should be taken against imports of dumped and subsidized steel.
Meanwhile, Mr. Tosyalı also stated that Tosyalı Holding is carrying out intensive market research studies in Africa, which has significant potentials and opportunities, and that they are continuing their efforts to evaluate these opportunities. In this context, the company will increase its daily steel production capacity in its facilities in Algeria from 5,000 mt to 14,000 mt next year.