Tosyali Holding eyes $9 billion revenue as Turkish steel output soars

Turkish industrial giant Tosyali Holding is forecasting a significant revenue surge to nearly $9 billion in 2025, driven by an expected steel production volume exceeding 13 million tons. Chairman Fuat Tosyali revealed the group's robust financial and operational targets, positioning it as a leading force in European and global steel markets amidst challenging international trade conditions.

Navigating Global Market Pressures

Tosyali acknowledged that global steel markets face pressure from geopolitical tensions and trade policy shifts, particularly excess supply from China. He called for a coordinated national strategy to protect Türkiye's domestic producers and export markets from what he described as unfair competition. Despite these headwinds, the company has grown rapidly, more than doubling its crude steel output over the past five years to become Europe's third-largest producer and Türkiye's top crude steel manufacturer.

Strategic Expansion Across Continents

The group's growth is fueled by strategic investments exceeding $6 billion over the last five years, focusing on sustainability and advanced technology. With an annual liquid steel capacity of 15 million tons across nearly 50 facilities in Europe, Africa, and Asia, Tosyali is actively expanding. Key projects include ramping up its earthquake-affected Iskenderun plant in Türkiye, new Direct Reduced Iron (DRI) facilities in Algeria, and a major integrated complex under construction in Benghazi, Libya, which is slated to become one of the world's largest DRI production sites.

A Green and Global Future Vision

Tosyali's strategy emphasizes long-term planning, localization of production, and green technology. The company is implementing one of Türkiye's largest self-consumption solar power projects to meet nearly half of its energy needs. With a five-year goal to rank among the world's top 20 steel producers, Tosyali plans continued expansion in Africa, market diversification, and unwavering investment in R&D, circular production, and clean energy sources like hydrogen.