Qatar Steel and Bahrain Steel have signed a USD 1.266 bln agreement to supply five mln tons of steelmaking raw materials over five years, Qatar’s Ministry of Commerce and Industry announced.
The partnership ensures a stable supply of essential raw materials for Qatar Steel, enhancing operational efficiency and contributing to economic growth across the region, Ministry said.
The agreement is expected to create new investment opportunities, strengthen industrial competitiveness in both countries, support supply chains, and enhance self-sufficiency, it added.
Bahrain Steel, established in 1984 and a wholly owned subsidiary of Foulath Holding, is a leading producer and global supplier of high-grade iron ore pellets. With an annual production capacity of 13 mln tons, the company specializes in high-quality Direct Reduction (DR) pellets for steelmaking.
Founded in 1974 as the Arabian Gulf’s first integrated steel plant, Qatar Steel has been a wholly owned subsidiary of Industries Qatar since 2003. It also operates Qatar Steel Company FZE in the UAE. The company produces DRI, billet, rebar, and wire rod.
