17
Mar
13:55
Tosyali to advance with new Iskenderun plant
Turkey's Tosyali says it will invest $1 billion this year into a new steel plant in Iskenderun. The investment will be made in Iskenderun’s Second Organized Industrial Zone.
The plant will initially produce from scrap and then switch to captive iron ore mining in the medium term, the Turkish firm says. Construction is set to begin by year-end.
Tosyali initially announced in 2017 its intention to build a new 2.5 million tonnes/year capacity steelworks in…
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