Efficient Energy Usage

The production of steel is an energy intensive process. The company recognizes the importance of reducing energy
consumption in order to minimize the environmental impacts as well as increase the company’s operational efficiency

Overall, in 2020 there has been a significant reduction in energy consumption across all categories and thereby in the energy intensity as well. This is in part due to reduced production from mothballing, as well as the sustainability measures and strategy implemented at Qatar Steel. Unlike most international steel manufacturers, Qatar Steel uses natural gas as an energy source for producing steel, which is cleaner and more environmentally friendly than the method of burning coal. The company further sets itself apart from its competitors in terms of sustainability by following an Electric Arc Furnace (EAF) route for the production of steel which is less energy intensive than other steelmaking routes followed widely in other parts of the world, such as Blast Furnace (BF) and Basic Oxygen Furnace (BOF). Qatar Steel is also exploring the possibility of undertaking a collaborative feasibility study for renewable energy projects, such as installing a solar power plant to reduce the natural gas consumption in the electric power generation plants, and in 2020, % of renewable energy used is zero.