Tosyali Algerie plans to start HRC production by end of 2022

Monday, 03 February 2020 17:31:08 (GMT+3)   |   Istanbul

Tosyali Algerie, one of the key steel manufacturers and long product suppliers in Algeria, is proceeding with its investment project to enter the flats market. According to the statement made by company officials to local media, Tosyali Algerie plans to start production at its 2 million mt per year hot rolling line by the end of 2022. Moreover, the officials also stated that the company will be aiming to supply to the automotive industry as well as for production of home appliances, pipes, and metal packaging. In addition, Tosyali Algerie plans to be active in the construction and shipbuilding industries, SteelOrbis understands.

As a result, Tosyali Algerie will eventually become the largest steel producer in Algeria. At the end of 2018, the company commissioned its longs project with the launch of its 4 million mt per year pelletization unit. The flat steel side of the project was started with the launch of a 400,000 mt unit for welded pipe production, again at the end of 2018. Eventually, Tosyali Algerie is expected to launch another steel complex to back its HRC production with steel slabs, SteelOrbis understands.

Most Recent Related Articles

Egypt’s HRC export prices rise

NLMK Group strengthens position in wear-resistant steel segment

Domestic rebar prices rise in Egypt on higher input costs

Algerian Qatari Steel again seeking to buy billet

Algeria’s AQS closes 40,000 mt import billet tender