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14 Feb
09:41

Qatar Steel's 2022 sales grow, prices drop

Industries Qatar (IQ)’s steel segment combined production of all products increased by 31% on-year in 2022 to 3.98 million tonnes. Sales rose 14% to 1.83mt, from 1.6mt in 2021. IQ owes 100% of Qatar Steel Company and its Dubai-based re-rolling subsidiary Qatar Steel Company FZE, 25% of Foulath Holding in Bahrain and 31.03% of Solb Steel Company in Saudi Arabia. On-year average steel selling price declined 4% to $637/tonne versus $664/t recorded in…
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