Türkiye’s Tosyali to build world’s largest iron, steel plant in Libya’s Benghazi 

Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB) signed a joint agreement in Istanbul to invest in an iron and steel factory in Benghazi.

This deal, between Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB), includes direct reduced iron (DRI) and hot cast iron (HBI) plants.

The agreement, structured under the Libyan Investment Law, establishes a joint venture dedicated to the iron and steel industry.

Largest iron, steel production plant globally

This strategic partnership is set to become one of Libya’s largest industrial projects. With a production capacity of 8.1 million tons per year, it will be the world’s largest iron and steel production plant.

Tosyali, a prominent global steel producer, has already invested in Türkiye, Algeria, Senegal, Angola and Spain.

Tosyali Holding’s Chairman, Fuat Tosyali, expressed enthusiasm about the expansion: “We are thrilled to enhance our investments along Africa’s Mediterranean coast, a region we have prioritized for years.”

“We have many successful ventures across various sectors in Libya,” he added.