Tosyali Algeria: reach $1 billion in revenue by 2022

Tosyali Steel Complex, based in Bethioua, Oran, aspires to reach 1 billion dollars in revenue this year against 700 million dollars made last year, agency APS reports this April 09 2022.

During the first quarter of the current year, the Complex reaped revenues of around 320 million dollars, thanks to the export of 335,000 tonnes of steel products, noting that the Complex exports recorded an increase of 105,000 tonnes of steel products compared to the same period last year.

This quantity of iron and steel products is made up in particular of rebar and iron wires, and others was exported from the ports of Oran, Arzew and Mostaganem to the United States of America, Italy, Belgium, Romania and many other African countries.

The steel Complex exported, during the first quarter of the previous year, 230,000 tonnes of products representing revenues estimated at 130 million dollars.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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