OWNERSHIP & JOINT VENTURES

Qatar Steel was established in 1974 as the first integrated iron and steel plant in the Arabian Gulf. Over the past 3 decades the company made a reputation as established leader in the steel industry within the GCC region. Production operations are based in Mesaieed Industrial City, 45 kilometers south of Doha, where Qatar Steel’s corporate headquarters are based. The Company’s plant consists of direct reduction modules, electric arc furnaces, ladle furnaces, continuous billet casting machines and rolling mills, which produce direct reduced iron, steel billets and reinforcing steel bars. The plant with its office occupies an area of 1,354,601 square meters, and a further 375,000 square meters plot adjacent to the site reserved for future development and expansion. In 2018, Muntajat(Qatar Chemical and Petrochemical Marketing and Distribution Company Q.P.J.S.C.), formally took over the marketing, selling and distribution activities of QatarSteel’s entire production.

Ownership & Joint Ventures

Qatar Steel is fully owned by Industries Qatar(IQ) since 2003. QatarSteel puts emphasis on investing in high-quality materials by diversifying in the market and investing in strategic, long-term as well as international partnerships. The company’s shareholdings in the regional steel industry include SOLB Steel Company in Saudi Arabia (31.03%) as well as Foulath Holding B.S.C. in Bahrain (25%).

Qatar Steel Company FZE – Dubai

The Company also operates a UAE based subsidiary – Qatar Steel Company FZE, established in July 2003 to meet the demand for wire rod and rebar products in the GCC and internationally. Qatar Steel Company FZE has two production facilities in Jebel Ali Free Zone, Dubai, UAE: a Wire Rod Mill and a Rebar Mill with a capacity of 240,000 and 300,000 metric tonnes per year respectively.

Qatar Metal Coating Company W.L.L.

In a joint venture, Qatar Steel and Qatar Industrial Manufacturing Company (QIMC) established the Qatar Metals Coating Company W.L.L. (Q-Coat) in 1990 with a vision to provide a solution to concrete reinforcement corrosion. Q-coat produces Fusion Bonded Epoxy (FBE) coated rebar, which is considered by many researchers and engineers as the most cost-effective technique for combating the corrosion of rebar. Qatar Steel and Qatar Industrial Manufacturing Company each own 50% of Q-Coat which has a production capacity of 100,000 metric tonnes per year. In 2018, the plant operated at an average capacity level of 33%.

SOLB Steel Company

Qatar Steel owns 31.03% of SOLB Steel Company. Formerly the South Steel Company, SOLB Steel Company began its commercial operations of a 1.0 million tonne per year Steel Melt Shop and a 0.5 million tonne per year Rolling Mill in January 2013. In 2018, the Steel Melt Shop and Rolling Mills operated at an average capacity level of 49% and 27% respectively.

Foulath Holding B.S.C

Established in June 2008, Foulath Holding B.S.C. was formerly Gulf United Steel Holding Company B.S.C. and currently invests in the growth of the steel industry in the Gulf Cooperation Council (GCC) countries and Middle East and North African (MENA) region. Qatar Steel owns 25% of Foulath Holding B.S.C. The group comprises of the following companies: Bahrain Steel B.S.C.,United Stainless Steel Company B.S.C (USCO), SULB Company B.S.C and United SULB Company L.L.C.