The new structural and flat steel plant of Toscelik, a subsidiary Turkish steel producing group Tosyali Holding, will be inaugurated officially by Turkish Prime Minister Recep Tayyip Erdogan on February 6, according to a company statement.
As SteelOrbis previously reported, construction of the new steel plant with an annual capacity of two million metric tons and which is to produce a wide range of products including semi-finished and flat steels, started in April 2008 and investment in the project has amounted to US$1 billion.
Following the commissioning of the new plant in December 2009, the company expects to reduce its reliance on imports. Moreover, Toscelik intends to export steel products produced at its new plant by using its own port, in addition to targeting the domestic market.