South Steel Company (Solb) and Qatar Steel Company (Qatar Steel) announced that Qatar Steel has become a strategic partner with 20% ownership in South Steel Company in Saudi Arabia. Sheikh Sulaiman Bin Saleem Al Harbi, Chairman of South Steel Company Board of Directors, stated: “Qatar Steel is considered a leading company in the steel industry in the region and is one of the earliest plants in the GCC region. Having Qatar Steel as a strategic partner is an addition and a quantum leap to the future of the company and fulfilling its strategic plan, which includes setting up an integrated steel complex in Jazan industrial City. Qatar Steel was chosen due to the joint desire of the two parties to create a strong entity in the steel industry with a view to meeting the requirements of the company’s targeted markets in terms of steel bars and other types which its Read more…