[SMM Iron & Steel] Tosyali Holding to Launch Automotive Steel Production in Algeria by Q3

Published: Apr 27, 2026 11:14

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Turkey's Tosyali Holding is preparing to commence automotive steel production in Algeria in the third quarter of 2026, marking a key milestone in its $2.5 billion investment plan in the country. Simultaneously, the company is developing an 8.1 million tons per annum (MTPA) direct-reduced iron (DRI) plant in Libya and preparing to extract 10 million tons of iron ore annually from a 2-billion-ton reserve in Angola.

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