In order to meet the needs of a changing market, Qatar Steel puts emphasis on investing in high-quality materials that take long-term market demand and resource availability into account. By diversifying in the market and investing in partnerships with international companies and efficient infrastructure, Qatar Steel consistently findsways to unlock new market potential.
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 mtpa Steel Melt Shop and a 0.5 mtpa Rolling Mill in January 2013.
In 2017, the Steel Melt Shop operated at an average capacity level of 37%, and the Rolling Mill operated at an average capacity level of 33%
Qatar Metal Coating Company W.L.L.
In a joint venture, Qatar Steel and Qatar Industrial Manufacturing Company established the Qatar Metals Coating Company W.L.L. (Q-Coat) in 1990. 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 2017, the plant operated at an average capacity level of 44%.
Foulath Holding B.S.C.
Qatar Steel owns 25% of 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. The group comprises of the following company:
Bahrain Steel B.S.C. was formerly the Gulf Industrial Investment Company and is fully owned by the Foulath Holding B.S.C. The company was established in 1984 and, with a total capacity of 11 mtpa, is a leading producer of iron ore pellets in the GCC and one of the four major merchant pelletizing producers in the international market. In 2017, the plant operated at an average capacity level of 51% and its performance is expected to improve from 2018 onwards.