Turkish steel producers have a global production network
Turkey's steel production reached 37.3 million tons in 2018, making it one of the eight largest steel producers in the world, the world daily reported recently. Despite the low growth rate of domestic steel production, Turkey's steel producers have made remarkable achievements in foreign investment. In the past decade, Turkey has invested about US $1 billion in 14 countries on four continents to build factories, with output close to 16 million tons.
Turkey's tosyali company is currently the largest steel producer in Africa. It has more than 20 factories on three continents, has established one of the largest industrial plants in Algeria, merged the steel giant in Montenegro, and is about to complete its investment in Angola.