The plant will be built in Osmaniye, Southeastern Turkey, where EAF-based steel producer Toscelik — a subsidiary of Tosyali Holding, one of Turkey’s largest steel producers — is located.
The facility, designed to produce zinc using recycled EAF dust, will contribute to the protection of the environment and will provide added value to the Turkish economy, the company said.
The facility is targeted to be functional within 24 months.
Toscelik has a total steel production capacity of 2 million mt/year.
Slow demand both in the domestic and export markets have been pressuring Turkish mills’ steel pricing in recent months.
Platts last assessed the Turkish HRC steel price at $660/mt ex-works Aug. 11, stable on the week but $20/mt lower than the beginning of July, according to S&P Global Commodity Insights data.