Being severely affected by the global challenges of COVID-19, GCC countries severely cut crude steel production in 2020. Since Q2, Qatar Steel has not been selling overseas, as it was necessary to introduce safety measures to prevent the spread of COVID-19. The situation slightly improved in Q3, when mills started to return to the normal operational mode – they managed to ramp up output by 21% to 2.9 million t compared to the previous quarter.
Qatar Steel rebar sales in the domestic market dropped by 4% in 2020 compared to 2019, export sales dropped by 78%, and overall sales dropped 46% mainly due to mothballing of some of plant facilities and low market demand due to the COVID-19 pandemic situation. There has been a 58% cut in Rebar production mainly.
Qatar Steel FZE- Sales Data
Sales MT
2016
2017
2018
2019
2020
Rebar
382
292
302
308
276
Rebar in Coil
70
30
12
4
9
Wire Rod
110
91
98
137
137
Total
562
412
412
449
423
Qatar Steel Mesaieed- Sales Data (KMT)
Products
2016
2017
2018
2019
2020
DRI/HBI
116
91
–
–
–
Billets (Excluding Sales to QS FZE)
103
448
687
691
233
Rebar
1,934
1,668
1,846
1,823
982
Total
2,153
2,206
2,533
2,514
1,216
Total Sales Volume for All Products (QS Mesaieed + QS FZE) KMT
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