PRODUCT STEWARDSHIP

At Qatar Steel, we prioritise product stewardship as a fundamental aspect of our sustainability efforts. It involves employing various strategies to ensure a consistently high standard of quality and safety across our entire value chain, in strict adherence to both national and international standards and regulations.

Our approach to product stewardship encompasses a wide range of activities. We implement rigorous quality control procedures to maintain the integrity of our products. This includes conducting thorough product testing and certification processes to guarantee their safety and reliability.

To ensure customer satisfaction and safety, we actively gather and analyse customer feedback, addressing any concerns or complaints promptly. This feedback-driven approach enables us to continuously improve our products and services, aligning them with customer needs and safety considerations.

We are proud to say that our approach has enabled us to achieve zero monetary and non-monetary sanctions for noncompliance with regulations and voluntary codes concerning the health and safety impacts of our products, labelling, and product information. Additionally, we have successfully complied with regulations about marketing communications, including advertising, promotion, and sponsorship.

PRODUCTION OVERVIEW

In 2022, Qatar Steel1 had an annual production of 1.1 MMT (million metric tonnes) of semi-finished product (billets), 1.4 MMT of direct reduced iron (DRI), and 1.3 MMT of finished product (including rebar, wire rod, and rebar in coils). Overall, Qatar Steel’s material production increased from 3.0 MMT in 2021 to 4.0 MMT in 2022, because of higher demand.

In April 2020, under the direction of our shareholders, we adopted a production optimisation model based on adjusting production to meet the local market demand for rebar. This led to mothballing some of our facilities, including the DR1 plant, and producing the required quantity using the remaining assets. In January 2022, due to the increase of demand on the market, we restarted our larger facility (DR2) while idling the smaller unit (DR1). This choice enabled us to achieve multiple objectives, including an increase in the production of DRI and the resumption of production for Hot Briquetted Iron (HBI), allowing us to meet growing export market needs and capitalise on emerging opportunities.

Detailed data regarding production is included on Link

These figures include direct reduced iron (DRI), hot briquetted iron (HBI), steel billets, rebar, wire rod, and rebar in coils produced in the facilities in Doha and Dubai.