Overview:

Brief History

Qatar Steel was incorporated in 1974, by way of Emiri Decree No. 130. It was formed as a joint venture between the Government of Qatar [70%] and two Japanese companies, Kobe Steel [20%] and Tokyo Boeki [10%], to establish an integrated steel plant.

Subsequently, shares of Kobe Steel and Tokyo Boeki were acquired by the Government of Qatar, which later on transferred to QP and thereafter to IQ during a reorganisation in April 2003.

Ownership

At present, Qatar Steel remains 100% owned by IQ.

Related Companies

Qatar Steel has one wholly-owned subsidiary, Qatar Steel Dubai Steel FZE, and three associates, Qatar Metal Coating Company, United Stainless Steel Company and Gulf Industrial Investment Company.

Main Products:

Steel Billets

Steel billets are used by independent rolling mills to round bars for machine structural use and to produce flat bars, deformed flat bars and wire rods.

Current Production Capacity: 1,147,000 tons per annum.

Steel Bars (Rebar, Plain Bars and Deformed Bars)

Steel bars are used in reinforcing concrete and masonry structures.

Current Production Capacity: 832,000 tons per annum.

Coil

A coil is made of materials, usually rigid, which can be fashioned into a spiral or helical shape. Some common applications of coils are: coil springs (the most common type of spring), spiral staircases (stairs fashioned in a coil shape), evaporator coils (used in air conditioning and other refrigeration cycles), coil stamps (a type of postage stamp sold as strips one stamp wide) and boiler coils (an element in a water heater).

Markets:

Qatar Steel’s steel products are sold primarily in the local and GCC market. However, the company is working on developing new markets, like Egypt, Yemen and the Far East.