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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
12 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.
Zawya
a day ago
- Zawya
Emirates NBD and DIB announce a USD175mln Murabaha Deal
The five-year deal will help the retailer finance its strategic initiatives towards expanding nationwide footprint DUBAI: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have executed a new USD175 million Murabaha financing deal to fund expansion plans for Yeni Magazacilik Anonim Sirketi (A101), one of Türkiye's leading discount retailer. Emirates NBD acted as the Initial Mandated Lead Arranger and Bookrunner, with DIB structuring and executing the five-year facility. Proceeds of the deal will be used by A101 to open new bricks-and-mortar retail operations alongside warehousing and logistics hubs in various cities across Türkiye. Two of the UAE's leading financial institutions, the USD175 million was shared between banks, with A101 borrowing USD100 million from Emirates NBD and USD75 million from DIB. This facility not only supports A101's growth story but also highlights both banks' ongoing commitment to providing corporate clients in Türkiye with bespoke financing options to help drive their long-term sustainable and resilient growth agenda. A101 is one of Turkey's largest discount retail chains, reaching millions of customers each day through a widespread network of more than 13,200 stores nationwide with the support of a wide and trusted 100% local supplier base. With more than 70,000 employees and a growing e-commerce platform, A101 continues to deliver environmentally conscious retail experience across both physical and digital channels with high-quality product offering at competitive prices, its commitment to making everyday shopping accessible and affordable for everyone. Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: 'Türkiye's one of the leading discount retailers, A101 is poised to benefit from accelerated growth, financed by the new USD175 million facility made available through Emirates NBD, and our partners at DIB. This new five-year facility will fuel A101's vision of delivering even greater value to consumers. Emirates NBD's important role in this deal, which was facilitated by our Corporate Coverage unit, highlights our commitment to supporting businesses in key markets like Türkiye, within our network, through funding facilities that spur ongoing expansion plans and empower local economies.' Osman Yılmaz, Group CFO of Aydın Group said: 'We are pleased to announce our strategic collaboration with Emirates NBD and DIB. This transaction marks an important milestone in strengthening A101's capital structure and supporting our long-term growth agenda in Türkiye. As we continue to evolve our business model, we are focused on scaling a more efficient, technology-enabled retail platform — including multi-format stores, stronger digital channels, and investments in logistics and energy efficiency. These initiatives are designed to enhance our competitiveness, improve customer reach, and drive operational excellence. We see this partnership as a significant step in deepening our engagement with leading financial institutions in the GCC region. ENBD and DIB are important strategic partners for A101, and we believe this collaboration will unlock new opportunities to support our continued leadership in the retail sector.' Hitesh Asaporta, CEO of Emirates Capital, said: 'Emirates Capital played a major role in this transaction with A101, acting as the Initial Mandated Lead Arranger and Bookrunner. It stands as another sign of rising confidence in, and support for, corporate clients in Türkiye. In orchestrating this facility to A101, Emirates NBD has highlighted a growing appetite for investment in Türkiye across diverse sectors. The USD175 million deal provides A101 with the capital to expand, open more stores, and establish logistics hubs from new warehouses. It reinforces a commitment to supporting our market-leading clients in Türkiye as well as confidence in the nation's ongoing growth.' Commenting on this deal, Ali Ahmad, Chief of Investment Banking at DIB, said: 'This facility reflects our ability to structure efficient and scalable Islamic financing solutions for leading corporates across key sectors. A101's continued expansion presents a compelling investment case, underpinned by its strong operational model and growing consumer base. We are pleased to support their ambitions with a facility that aligns with our strategy of backing resilient, market-shaping businesses particularly in markets like Türkiye where we have deep and trusted relationships.' About Emirates NBD Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. About DIB: Established in 1975, DIB is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets now exceeding USD94 billion and market capitalisation of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, The launch of Panin Dubai Syariah Bank in Indonesia early marked DIB's first foray in the Far East, with a stake of nearly 25% stake in the Indonesian bank. Additionally, DIB PJSC was given the licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in UAE. The acquisition of Noor Bank has solidified its position as a leading bank in the global Islamic finance industry. Recently, DIB has successfully acquired minority stake of 25% of T.O.M. Group which provides digital banking services in Türkiye. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the 'Best Islamic Bank' in various prestigious ceremonies marking the bank's leadership position in the Islamic finance sector. As a progressive Islamic financial institution, DIB embraces the opportunities and challenges associated with integrating sustainability into its business by delivering sustainable products and services and by advancing the green and social composition. 2025 marked DIB Golden Jubilee, with a Bold New Vision for the Future to be prepared to meet the challenges ahead and continue building a legacy of success for the years to come. For more information, please visit us at
Zawya
2 days ago
- Zawya
Tosyalı has Become Türkiye's Largest and Europe's Third-Largest Steel Producer
Türkiye's global steel producer Tosyalı ( 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.
