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Home Steel News Turkey's Tosyali to build new steel production complex in Saudi Arabia
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Turkey's Tosyali to build new steel production complex in Saudi Arabia

19 Jan 2024 16:02 reported by Huda Chen

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Turkey's Tosyali Holding announced that it has signed a contract with Saudi Arabia to build a flat-rolled steel production complex in the Ras Al-Khair industrial zone, with an investment of nearly US$5 billion.

The complex will produce four million tons of steel products annually, including hot-rolled coils, cold-rolled coils, galvanized coils, tinplate, and electrical steel, specifically used in the automotive, food packaging, machinery, and energy industries.

The project will use large-scale solar and hydrogen technologies for steel production through clean energy, thereby reducing carbon emissions.

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