Tosyali Algerie has secured a DZD 15 bln (USD 115 mln) bond issuance, arranged by the Banque Exterieure d’Algerie (BEA), to support the ongoing expansion of its integrated flat steel complex in Bethioua, Oran.
The funding will strengthen Tosyali’s investment program, which has already seen the successful commissioning of a Direct Reduced Iron (DRI) plant and an Electric Arc Furnace (EAF), each with an annual capacity of 2.5 mln tons. A hot rolling mill with a production capacity of 2 mln tons per year is also operational.
Looking ahead, Tosyali plans to further enhance its flat steel capabilities by commissioning a cold rolling mill with an annual capacity of 800,000 tons, along with a galvanizing line capable of producing 400,000 tons per year.
In addition to flat steel, Tosyali Algerie produces 3.8 mln tons of rebar and wire rod annually and operates a 400,000 tons per year Helical Submerged Arc Welding (HSAW) pipe mill.
1 USD / 130.4 DZD
