18 hours ago
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.
