Qatar
Russia includes the Egyptian pound in the list of foreign currencies, which may lead to a billet trade increase
Russian Central Bank announced setting the official rates of the ruble against nine other foreign currencies, including the Egyptian pound, the UAE dirham, the Qatari riyal, the Thai baht, the Vietnamese dong, the Serbian dinar, the New Zealand dollar, the Georgian lari, and the Indonesian rupiah. The new decision will allow Egypt and Russia to
World crude steel production declined by -2.6% in November 2022
According to the preliminary data announced by the World Steel Organisation about world production (64 countries) during November 2022, crude steel production amounted to 139.1 million tonnes, a decrease of 2.6% compared to November 2021 production. Africa produced 1.3 million tonnes of crude steel in November 2022, down by -11.4% from November 2021. Asia and
World crude steel production declined by -2.6% in November 2022 Read More »
World crude steel production in October 2022
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.3 million tonnes (Mt) in October 2022, with the same production as October 2021. Africa produced 1.4 Mt in October 2022, up 2.3% on October 2021. Asia and Oceania produced 107.3 Mt, up 5.8%. The EU (27) produced 11.3
World crude steel production in October 2022 Read More »
Qatar Steel celebrates its long service employees
Qatar Steel recently held a Long Service Awards Ceremony for 162 employees to thank them for their dedicated service to the Company. Employee with a range of service between 10 to 30 years were acknowledge for their contributions to the development of the Company and enhancing its leading position in steel industry, both locally and
Qatar Steel celebrates its long service employees Read More »
The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead
The gross domestic product (GDP) at the current prices of the Arab countries is likely to rise by 21% this year to reach about $3.4 trillion, “representing 3.35% of the global economy,” compared to $2.81 trillion in 2021 “representing 2.92% of the global economy.” According to the monitoring unit of the reports in the “Al
The rise in the GDP of the Arab countries in 2022, with Saudi Arabia in the lead Read More »
Honoring the founders of Arab Iron and Steel Union
Within the framework of the activities of the 15th Arab Steel Summit organized by the Arab Iron and Steel Union during the period from 7-8 November 2022 in the city of Manama, Kingdom of Bahrain, the federation honored the founders of the federation on the occasion of the fiftieth anniversary of the founding of the
Honoring the founders of Arab Iron and Steel Union Read More »
World crude steel production increase by 3.7 % in September 2022
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes (Mt) in September 2022, a 3.7% increase compared to September 2021. Africa produced 1.4 Mt in September 2022, up 1.0% on September 2021. Asia and Oceania produced 113.0 Mt, up 10.6%. The EU (27) produced 10.7
World crude steel production increase by 3.7 % in September 2022 Read More »
World crude steel production declined by 6.5% in July 2022
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021. Africa produced 1.2 Mt in July 2022, down 5.4% on July 2021. Asia and Oceania produced 110.1 Mt, down 5.2%. The EU (27) produced 11.7
World crude steel production declined by 6.5% in July 2022 Read More »
World crude steel production decreased by 5.9 % in June 2022
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.1 million tonnes (Mt) in June 2022, a 5.9% decrease compared to June 2021. Africa produced 1.2 Mt in June 2022, down 18.7% from June 2021. Asia and Oceania produced 118.8 Mt, down 3.1%. The EU (27) produced 11.8
World crude steel production decreased by 5.9 % in June 2022 Read More »
Hosted by Qatar Steel AISU resumes activities with Board and General Assembly meetings in Doha
Qatar Steel hosted the 124th meeting of the Board of Directors and the 55th meeting of the General Assembly of the Arab Iron and Steel Union (AISU) at the Sharq Village & Spa in Doha on May 22 and 23, 2022. The meetings took place after an almost two-year pause in the activities of AISU
Arab Iron and Steel Union stresses the need to protect national industries in the Arab world
Qatar Steel hosted the 124th session of the Board of Directors of the Arab Iron and Steel Union and the 55th ordinary session of the General Assembly during the period from 23-24 May 2022, at the Sharq Hotel in Doha, in the presence of 65 iron and steel companies members of the Union, after two
Arab Iron and Steel Union concludes the work of the Economic Committee meeting in Doha
The Arab Iron and Steel Union concluded the work of the fourth meeting of the Economic Committee in Doha – Qatar, which was held on May 22, hosted by Qatar Steel Company. Where the committee presented a study on the economic situation of the Arab countries and its impact on the volume of steel production
Arab Iron and Steel Union concludes the work of the Economic Committee meeting in Doha Read More »
Qatar Steel improves production in Q1
In the first quarter of 2022, Qatar Steel resumed its second DRI facility (1.5 million tonnes) against the first facility (0.8 million tonnes), which operated until 2021. As a result, the production volume of all-steel value chain segments (DRI/HBI, billet, and long steel) improved by 20% year-over-year and 33% compared to the fourth quarter of
Qatar Steel improves production in Q1 Read More »
GCC countries’ economies will grow by 5.9% in 2022
A Reuter’s poll of economists said that the economic growth of the Gulf Cooperation Council countries would accelerate this year to a pace not seen in the last ten years, and experts said that high inflation and a slowdown in the global economy are the most significant risks. Crude prices, the main driver of Gulf
GCC countries’ economies will grow by 5.9% in 2022 Read More »
IMF raises its forecast for Qatar’s economic growth to 3.4% in 2022
IMF raises its forecast for Qatar’s economic growth to 3.4% in 2022 The International Monetary Fund raised its forecast for Qatar’s economic growth in 2022 to 3.4%, compared to a previous forecast of 3.2%. In 2021, the Qatari economy recorded a real growth of 1.5%, compared to an estimate of the International Monetary Fund at
IMF raises its forecast for Qatar’s economic growth to 3.4% in 2022 Read More »
The 124th meeting of the Board of Directors and the 55th meeting of the General Assembly of the Arab Iron and Steel Union
Arab Iron and Steel Union is scheduled to hold the Board of Directors meeting in its 124th ordinary session, and the ordinary Assembly in its 55th session in Doha Qatar on May 23, 2022, at the kind invitation of Qatar Iron and Steel Company “Qatar Steel” in the presence of representatives of iron and steel
Signing a memorandum of understanding to study the expansion of the iron and steel complex Bellara in Jijel – Algeria
On February 21, 2022, a Memorandum of Understanding was signed in the Qatari capital, Doha, related to the completion of a feasibility study for the expansion of the Algerian-Qatari Iron and Steel Complex in Bellara (Jijel), Algeria. This agreement was signed on the sidelines of the state visit of the President of Algeria, Mr Abdelmadjid
World crude steel production increased by 3.6% in 2021 , Egypt is the first in the Arab world
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158.7 million tonnes (Mt) in December 2021, a -3.0% decrease compared to December 2020. despite the decline in production in December, The world production of steel crude up by 3.6% compared to production in 2020. Crude steel production in
World crude steel production increased by 3.3 % in July 2021
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.7 million tonnes (Mt) in July 2021, a 3.3% increase compared to July 2020. China produced 86.8 Mt in June 2021, down -8.4% on July 2020. India produced 9.8 Mt, up 13.3%. Japan produced 8.0 Mt, up 32.5%. Crude
World crude steel production increased by 3.3 % in July 2021 Read More »
Qatar Steel became the first company in the Middle East to achieve “1 Rosette” rating from UK CARES
Qatar Steel became the first company in the Middle East and one of the four companies in the world to achieve “1 Rosette” rating for its good performance compared with other 22 certified companies complying only basic requirements of “PASS” rating, to be approved by the authority of UK CARES under sustainable construction steel certification
Abdulrahman Ali Al-Abdulla is the new Managing Director and CEO of Qatar Steel
Mr. Abdulrahman Ali Al-Abdulla is appointed in October 2020, by HE Minister of State for Energy Affairs, Chairman, and Managing Director of Industries Qatar (IQ) as the new Managing Director & CEO of Qatar Steel starting from Jan 1, 2021. Mr. Al-Abdulla holds a Bachelor degree in Science and Business Administration (major in Marketing) from
Abdulrahman Ali Al-Abdulla is the new Managing Director and CEO of Qatar Steel Read More »
world’s production of crude steel rose 2.9% in September
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.4 million tonnes (Mt) in September 2020, a 2.9% increase compared to September 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel rose 2.9% in September Read More »
The IMF expects the return of economic growth in the Gulf in 2021
The International Monetary Fund has revised its forecast of real GDP cuts in 2020 for all Gulf countries except Saudi Arabia, warning that the economic outlook is worsening for many emerging markets amid the Coronavirus crisis. In its latest report on the global economic outlook, yesterday, the Fund revised its previous forecast for Saudi Arabia,
The IMF expects the return of economic growth in the Gulf in 2021 Read More »
world’s production of crude steel up 0.6% in August
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.2 million tonnes (Mt) in August 2020, a 0.6% increase compared to August 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production update. China produced 94.8
world’s production of crude steel up 0.6% in August Read More »
World crude steel production decreased by 2.5% in July
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
World crude steel production decreased by 2.5% in July Read More »
world’s production of crude steel declined 6.0% in H1 2020
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel declined 6.0% in H1 2020 Read More »
Qatar Steel Company
Qatar Steel Company Qatar Qatar Iron and Steel Company ( Qatar Steel ) was established in 1974 as the first integrated iron and steel factory in the Arabian Gulf region. Qatar Steel has an integrated plant in Qatar and a rolling mill in the UAE (a subsidiary of 100% owned by Qatar
Qatar Steel Company Read More »
World crude steel production decreased by 6% in March
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with
World crude steel production decreased by 6% in March Read More »
Qatar Steel
QATAR STEEL Capacity 2017 – 1000 tons PLANS DRI EAF steel semi-finished products long products QATAR STEEL 1900 2265 2265 1400 Capacity 2018 – 1000 tons COMPANY Long Products Semi-Finished EAF Steel DRI QATAR STEEL 1850 2265 2675 2513 Capacity 2019 – 1000 tons COMPANY Long Products Semi-Finished EAF Steel DRI QATAR STEEL 1850 2265