Turkish billionaire Fuat Tosyali rolls out $2.5 billion Algeria steel push
Turkish magnate Fuat Tosyali has launched a $2.5 billion program to double Algeria output and push Tosyali Holding into the world's top 20 steelmakers.
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Turkish magnate Fuat Tosyali has launched a $2.5 billion program to double Algeria output and push Tosyali Holding into the world's top 20 steelmakers.
Tosyalı Algérie will launch a 1.4-million-ton cold rolling steel mill in Béthioua between August and September 2026, targeting high-value flat steel products.
Fuat Tosyali wants Brussels to lift steel quotas on Turkey and Algeria, arguing Europe needs low emission supply as safeguards tighten.