09
Oct
07:30
Qatar Steel completes Al Qataria buyout
Qatar Steel has completed the 100% equity acquisition of local competitor rebar re-roller Al Qataria for Production of Reinforcing Steel W.L.L for QR 346 million ($95m), to be financed through internal group financing, notes Kallanish.
Qatar Steel believes this acquisition will strengthen its position in the domestic market. The purchase will be followed by implementing diversification into new products – wire rod, rebar in coil – that are not currentl…
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Anonymous
Very good overview of the weekly steel market.
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