04
Aug
01:00
Qatar Steel to sell stake in Algeria steelworks JV
Qatar Steel (Qasco) has decided to sell its entire shareholding in the prospective Bellara steelworks joint venture with Algerian state-owned company Sider, Kallanish learns from Qasco parent company Industries Qatar.
The Qatari steelmaker has a 50% stake in Qatar Steel International (QSI), with the balance held by Qatar Mining Company. QSI, in turn, has a 49% stake in the future 2 million tonnes/year direct reduced iron-based rebar and wire rod steelworks, …
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Very good overview of the weekly steel market.
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