Tosyalı has Become Türkiye's Largest and Europe's Third-Largest Steel Producer
Türkiye's global steel producer Tosyalı (www.TosyaliHolding.com.tr) continues its global growth with nearly 50 facilities across 3 continents, a liquid steel production capacity of 15 million tons, and approximately 15,000 employees.
Drawing attention with its investments in high value-added qualified steel production by determining sustainability as the main agenda, Tosyalı is rapidly climbing the steps in world steel production with its production complexes in different geographies of the world, green steel products produced with advanced technology, R&D and innovation, strong equity and highly competent employees.
Amid the challenging global conditions in 2024, a difficult year for steel producers worldwide, Tosyalı achieved a rapid rise in the global rankings, adding yet another success to its record. According to data released by the World Steel Association, Tosyalı produced 9.12 million tons of liquid steel in 2024 and climbed 21 places compared to the previous year, reaching 46th position in the world rankings. With a 54.3% increase in production, Tosyalı has become one of the world's top 3 fastest-growing steel producers. Today, Tosyalı has reached the position of Türkiye's largest steel producer while also strengthening its strong position in the global arena as Europe's third-largest steel producer. Additionally, the company entered the world's top 50 steel producers, crossing a significant milestone for the industry.
Tosyalı Holding Chairman of the Board Fuat Tosyal ı: ' Our goal is to become one of the world's top 20 steel producers '
Stating that Tosyal ı 's global success is based on well-planned strategic investments and qualified steel production, Fuat Tosyal ı, Chairman of the Board of Tosyal ı Holding, said: "As Tosyalı, we have identified sustainability, efficiency and economies of scale as three important priorities. With this strategy, we continue to grow in a healthy and stable manner with eco-efficiency-oriented investments in T ü rkiye and in different geographies around the world. We completed Tosyal ı Demir Çelik İ skenderun Plant, the largest industrial investment of our country in recent years, despite the major earthquake disaster and started the first production in 2023. This plant eliminated T ü rkiye's 4 million tons of flat steel imports and started to make a significant contribution to value-added steel exports. We are taking firm steps towards becoming one of the most important and strategic integrated iron and steel production centers not only in the Mediterranean basin and Africa, but also in the world with our fourth phase investments in our five-phase Tosyal ı Algé rie production complex, which is one of the driving forces of our success as a global steel company to date. We have also initiated investments in Libya as a strategic step in Africa. With our investments in T ü rkiye, Algeria, Spain and Libya, we are strengthening our position as a global steel producer day by day.
As Tosyalı, our total investment amount in the last 5 years is over 6 billion USD and the majority of these are sustainability-oriented investments. Our investments in R&D, advanced technology, circular production, and clean energy sources such as solar and hydrogen continue without interruption. At the same time, we are focusing on efficiency, which is also one of the main issues of sustainability, and we tend to produce more by consuming fewer resources. We continue to achieve sustainable growth thanks to our completely independent, yet dynamic and efficient structure that analyzes everything from the mine to the final product within the Tosyal ı ecosystem. Thus, we continue our rapid yet steady rise in the world rankings. Between 2020 and 2024, we increased our global crude steel production by 110%. Due to this progress, we have entered the world ' s top 50 companies, becoming T ürkiye ' s largest and Europe ' s third-largest steel producer. Among the top 50 companies, we are the only one to continuously rise in the global rankings every year. Our steady and sustainable growth continues, and with our production figures, we have taken a very strong step toward moving up to the next league on a global scale. In the next 4 – 5 years, as our ongoing investments begin production, we will move forward with confidence toward our goal of becoming one of the world ' s top 20 steel companies. '
Distributed by APO Group on behalf of Tosyali Holding.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Crypto Insight
17 hours ago
- Crypto Insight
This protocol aims to unify the fragmentation of Web3 and unlock Bitcoin DeFi for every chain
Communication protocol GVNR prepares to launch GVNR following the successful deployment of its proof-of-concept applications that unify Web3. Navigating crypto in 2025 feels like flying with three different passports: one for Ethereum, another for Bitcoin and a third for the favorite side-chain. Every hop between wallets introduces extra clicks, swap fees, fresh attack surfaces and, most worryingly, the risk of unexpected tax events. This creates a fragmented, clunky experience that frustrates users and keeps newcomers out. GVNR, a foundational general message passing layer for Web3, believes detouring is a relic of the early internet era. After 18 months of building, the team is rolling out a universal routing layer that lets any smart contract communicate with any other chain as naturally as web pages link to each other. The project's goal is simple: treat every blockchain as one cohesive runtime. Its protocol passes signed messages among chains so developers don't need wrapped assets, bridges or custodial middlemen. Instead of constantly switching networks and wallets, users just make one move, and GVNR handles the rest behind the scenes. Avoiding bridges and wrapping tokens can eliminate the tax risks; in fact, few understand that bridging assets can trigger a tax liability. Putting theory into practice Putting this vision into action, GVNR has already launched three live proof-of-concept apps that show what seamless interoperability can look like: GVNR Portfolio: A dashboard where users and their AI agents can view and control tokens scattered across every connected chain from a single interface. JustPay: A checkout layer that unlocks $500 billion of asset value, letting users spend any token on any chain to pay an invoice on a different chain. For example, an Arbitrum bill can be settled with Bitcoin, or a Solana mint can be covered with USDC on Polygon in a single click. JustSwap: An aggregation layer for decentralized exchanges (DEX) that lets traders swap tokens on any chain for any other asset across connected ecosystems, and a unique swap and send function so users can gas new wallets with a single action. GVNR has already processed more than $450,000 onchain, with over 26,000 users executing more than 60,000 swaps, minting over 35,000 non-fungible tokens (NFTs) across ten chains and logging over 143,000 transactions in total. Each interaction is a live demonstration that GVNR messages can shepherd value anywhere liquidity is needed. The engine of the ecosystem With its core technology demonstrated, the project is now centered on the launch of its native token, GVNR. The token is designed as a multifaceted utility asset that powers the entire network. Beyond its role in the protocol's decentralized governance, it will also be used for staking and payments. A key aspect of the token's design is its planned integration with the growing network of AI agents, which will be able to use GVNR to complete onchain actions. With a capped supply of 20 million, the token is now available to the public through a sale on Republic. The GVNR token empowers holders with governance rights through the GVNR DAO. Unlike many projects, there is no entity with 'labs' in its name that owns the intellectual property. GVNR's structure ensures that the decentralized autonomous organization's (DAO) sole purpose is to steer the protocol and drive value back to the token. This is reinforced by a deflationary furnace mechanism, which uses network fees to permanently reduce the token supply, aligning network growth directly with holder value and serving the ultimate vision of mobilizing a new era of crosschain liquidity. As foundational routing layers like GVNR mature, they begin to abstract away the complexity of the underlying blockchains. With such developments, the industry is gradually shifting from a collection of siloed networks toward a more unified landscape where digital value can move as freely as information, paving the way for a more intuitive and interconnected user experience. What's next? Following on, GVNR envisions a new permissionless era for Bitcoin. The team is building a permissionless Bitcoin DeFi loan product, named Diamond Hands. Other assets, such as ETH and SOL, have had access to loan products since DeFi began, but Bitcoin has been left behind, forced into wrapping, bridging and worse, centralized entities. Bridging and wrapping incur tax events, centralized entities risk default events; GVNR Diamond Hands will enable non-custodial native Bitcoin DeFi loans. Source:
Khaleej Times
17 hours ago
- Khaleej Times
Tosyalı joins global top 50 steelmakers amid record production growth
Türkiye-based steel producer Tosyalı has joined global top 50 steelmakers across three continents with a liquid steel production capacity of 15 million tons, and around 15,000 employees. With sustainability as a central focus, Tosyalı continues to advance in global steel production through its investments in high value-added, qualified steel. The company's growth is supported by its production complexes in various regions, green steel technologies, ongoing R&D and innovation efforts, solid financial structure, and a highly skilled workforce. Amid challenging global conditions in 2024, a difficult year for steel producers worldwide, Tosyalı recorded a significant rise in the international rankings, marking another notable achievement. According to data published by the World Steel Association, the company produced 9.12 million tons of liquid steel in 2024, climbing 21 spots from the previous year to reach 46th place globally. With a 54.3 per cent increase in production, Tosyalı ranked among the world's three fastest-growing steel producers. It has now become Türkiye's largest steel producer and has further consolidated its position as Europe's third-largest. The company's entry into the world's top 50 steel producers also represents a major milestone for the industry. Fuat Tosyalı, Tosyalı Holding chairman of the board said: 'Our goal is to become one of the world's top 20 steel producers.' Stating that Tosyalı's global success is based on well-planned strategic investments and qualified steel production, Fuat said: "As Tosyalı, we have identified sustainability, efficiency and economies of scale as three important priorities. With this strategy, we continue to grow in a healthy and stable manner with eco-efficiency-oriented investments in Türkiye and in different geographies around the world. We completed Tosyalı Demir Çelik İskenderun Plant, the largest industrial investment of our country in recent years, despite the major earthquake disaster and started the first production in 2023. This plant eliminated Türkiye's four million tons of flat steel imports and started to make a significant contribution to value-added steel exports. We are taking firm steps towards becoming one of the most important and strategic integrated iron and steel production centers not only in the Mediterranean basin and Africa, but also in the world with our fourth phase investments in our five-phase Tosyalı Algérie production complex, which is one of the driving forces of our success as a global steel company to date. We have also initiated investments in Libya as a strategic step in Africa. With our investments in Türkiye, Algeria, Spain and Libya, we are strengthening our position as a global steel producer day by day." "As Tosyalı, our total investment amount in the last five years is over USD 6 billion and the majority of these are sustainability-oriented investments. Our investments in R&D, advanced technology, circular production, and clean energy sources such as solar and hydrogen continue without interruption. At the same time, we are focusing on efficiency, which is also one of the main issues of sustainability, and we tend to produce more by consuming fewer resources. We continue to achieve sustainable growth thanks to our completely independent, yet dynamic and efficient structure that analyses everything from the mine to the final product within the Tosyalı ecosystem. Thus, we continue our rapid yet steady rise in the world rankings. Between 2020 and 2024, we increased our global crude steel production by 110 per cent. Due to this progress, we have entered the world's top 50 companies, becoming Türkiye's largest and Europe's third-largest steel producer. Among the top 50 companies, we are the only one to continuously rise in the global rankings every year. Our steady and sustainable growth continues, and with our production figures, we have taken a very strong step toward moving up to the next league on a global scale. In the next 4–5 years, as our ongoing investments begin production, we will move forward with confidence toward our goal of becoming one of the world's top 20 steel companies,' he said.
Tahawul Tech
18 hours ago
- Tahawul Tech
Meta to introduce ads to WhatsApp
Meta looks to turn popular messaging platform WhatsApp into a fresh revenue stream via advertisements and paid subscriptions. The changes centre on WhatsApp's Updates tab, which hosts the app's user status feature and has 1.5 billion daily visits globally. With the latest upgrade, this section will house advertisements and commercial content separate from users' private chats. A new channel subscriptions feature will allow users to pay a monthly fee to receive exclusive updates from selected channels, such as news providers or public figures. Meanwhile, promoted channels will enable users to discover new creators, while also giving channel admins the option to boost their visibility in the commercial directory. In addition, ads shown directly in the status section will allow users to engage directly with businesses promoting products or services. In a statement, Meta emphasised that personal messages will remain ad-free and fully encrypted. The company explained that ad targeting will rely on general information such as location, language, followed channels, and user interaction with ads. For users who have linked WhatsApp with Meta's Accounts Centre, ad preferences across the company's services such as Instagram may also be used. Meta stressed that it will not sell or share phone numbers with advertisers, and personal messages, calls and group activity will remain off-limits for ad targeting. Rollout of the new tools is set to take place over the coming months. WhatsApp, acquired by Meta for $19 billion in 2014, has until now avoided traditional advertising, instead offering tools for small businesses such as shopping and digital payments. The update forms part of Meta's push diversify revenue streams as it ramps up investment in AI; the company recently committed $14.8 billion for a 49 per cent stake in AI data-labelling company Scale AI. Source: Mobile World Live Image Credit: Stock Image/Meta
