Originally incorporated in 1974, Qatar Steel Company is fully-owned by IQ and has several investments in the steel industry including, three subsidiaries, Qatar Steel Company FZE, Qatar Steel Industrial Investment Company S.P.C., and Qatar Steel Rebar Fabrication Facility S.P.C. and three associates, Foulath Holding B.S.C., Qatar Metals Coating Company W.L.L and SOLB Steel Company.
Qatar Steel is engaged in the production of intermediary steel products such as DRI / HBI and Billets and final steel products such as Re-bars, wire-rod and rebar in coil.
IQ’s share of Qatar Steel’s production and saleable capacity of key products are:
|Product||Production MT‘000 / PA||Sales MT‘000 / PA|
|DRI / HBI||2,350||Nil|
Hot Briquetted Iron (HBI) and Direct Reduced Iron (DRI)
A significant portion of the HBI and DRI produced are used internally in Qatar Steel Electric Arc Furnace (EAF) based Steel Melt shop with the balance sold. The main markets for HBI / DRI include the Middle East, India, and the Far East.
Most of the steel billets produced are processed into steel re-bars by Qatar Steel, with the remainder exported mainly to neighboring countries in the Gulf region.
Hot rolled deformed steel reinforced bars (“re-bars”) are used extensively in the construction industry. The majority of the production is marketed in Qatar, with the remainder exported to neighbouring countries in the Gulf region.
Re-bars in coils and wire rod in coils are used extensively in the construction industry as refabricated re-bars, binding wires, welded wire mesh in the pre-cast industry. Wire rod in coil is also used in downstream industries for various applications such as nails, hangers, screws, wire nets, fencing, armour, cable, and barbed wire. The majority of production is marketed in Qatar and the UAE.
Industries Qatar Q.P.S.C. was incorporated as a Qatari joint stock company on April 19, 2003. The registered office is located at P.O. Box 3212, Doha, State of Qatar. Through the group companies, IQ operates in 3 distinct segments: petrochemicals, fertiliser and steel.