News from this site On July 22, Turkish green steel producer Tosyali and the Libyan Steel Industry United Steel Company (SULB) signed an agreement to build a large-scale steel complex with a total production capacity of 8.1 million tons in Benghazi, Libya. Direct reduced iron (DRI) plant.

This is a new steel project investment launched by Tosiyali in Benghazi, Libya, after investing in Turkey, Algeria, Senegal, Angola and Spain, which will further enhance its influence in the Mediterranean region.

Fuat Tosyali, chairman of Tosyali Holding Company, said that the Mediterranean coast is a priority investment area identified by Tosyali many years ago. Carrying out regional investment will promote the development of local employment, social and welfare undertakings, and produce positive economic, environmental and social impacts. It is reported that Tosiyali has completed relevant investigations in Benghazi, Libya, and project construction is about to begin. The plant will produce high-standard, high-quality, low-carbon emission green steel products.

Ahmed Gadalla, chairman of the Libyan Steel Industry United Steel Company (SULB), said after the signing ceremony that this investment will make Libya a key player in global steel production activities and have a positive impact on the world. Carbon reduction in the steel industry chain has had an important impact.

According to the agreement, the two companies established a new company called Tosyali-Libya Steel Industries United Steel Company (Tosyali-SULB) in Benghazi, Libya. The global direct reduced iron plant to be built by the two parties plans to be equipped with Midlex's related direct reduced iron production technology. The first phase of the project will invest in the construction of a direct reduced iron plant with an annual production capacity of 2.7 million tons and will meet the demand for hot briquetted iron (HBI) in nearby areas.