Qatar Steel announced that it has signed a Memorandum of Understanding (MoU) with the General Authority of Customs, aimed at establishing controls and procedures to regulate and restrict the export of steel scrap from the Qatar, the company said in a statement.
The company said that through this agreement, it will achieve reducing illegal shipments out of Qatar, enhancing integration between government entities and the industrial sector to safeguard national resources, supporting national industry, maintaining supply chain sustainability, regulating the trade of steel scrap and ensuring compliance with transparency requirements and responsibility in commercial transactions.
Qatar Steel, a subsidiary of Industries Qatar, is a leading integrated steel producer and the first steel plant established in the Arabian Gulf in 1974. Based in Mesaieed, with a subsidiary in Dubai’s Jebel Ali Free Zone, it produces DRI/HBI, billets, rebars, and wire rods. The Mesaieed plant has an annual capacity of 2.35 mln tons of DRI/HBI, 2.57 mln tons of billets, and 1.8 mln tons of rebars, while the UAE unit produces 240,000 tons of wire rods and 300,000 tons of rebars. Qatar Steel also operates rebar fabrication and coating facilities and holds stakes in Q-Coat (Qatar), Foulath Holding (Bahrain), and SOLB Steel (Saudi Arabia).
