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Tosyalı Holding signed an agreement with Chinese company Sinosteel for cold rolling project

Sinosteel Equipment, a wholly-owned subsidiary of Sinosteel International, and Tosyali Group recently officially signed a general contract for the construction of a 1780mm acidizing and cold rolling unit in Algeria.

Tosyalı Holding signed an agreement with Chinese company Sinosteel for cold rolling project

This follows Sinosteel Equipment's turnkey construction of Tosyali Algeria's Phase IV green, low-carbon and short-flow integrated steel mill project.

After the project is put into production, the complete process of DRI - electric furnace steelmaking - slab continuous casting - hot rolling - cold rolling will be the first high-quality plate production line at the international advanced level, which will provide low-carbon and green, green and low-carbon products for the European and Middle East, North Africa markets.

"Crossing mountains and seas, we have drawn the "Silk Road Love" of steel; along the way, Sinosteel International has participated in the rapid development of Tosyalı, joint growth with and always cherished the cooperation and friendship with Tosyalı. The signing of the new contract not only symbolizes the new starting point of our cooperation, but also shows that Sinosteel International has stronger technical and service capabilities and injects more solid and lasting steel strength to deepen the cooperation."

Highlighting the importance of the project, Tosyalı Holding Chairman Fuat Tosyalı said, "The newly signed project is a milestone in the development of Tosyalı Group as it is a major investment project abroad and its final products will serve Algeria and the global high-end market. This cooperation with our old friend also demonstrates our full confidence in Sinosteel International. I would like to thank Mr. Lu and his team for their hard work on this project and I am confident that we will be able to build another reference project with the joint efforts of both sides."

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