Qatar Steel managing director and general manager Ali bin Hasan al-Muraikhi delivers the welcome speech during the 11th Traders’ Annual Gathering.
Qatar Steel has seen a “high percentage of growth” in 2013 and the company is geared for increasing production capacity and revenue, and diversifying its products this year.
This was announced by Qatar Steel managing director and general manager Ali bin Hasan al-Muraikhi during the 11th Traders’ Annual Gathering organised by Qatar Steel.
“Qatar steel has achieved a high percentage of growth as one of leading steel companies in the Arabian Gulf and it has succeeded in establishing itself in the local and regional markets through its high-quality products and outstanding customer service,” al-Muraikhi said.
He noted that the company is contributing to Qatar’s economy by producing “high-quality rebars and wire rods required for infrastructural projects.”
“Qatar is a promising market due to huge investments expected in the coming years, and a number of mega-strategic projects are being implemented in preparation for 2022 FIFA World Football Cup in2022,” al-Muraikhi said. He said the company “is heading towards achieving a sustainable development on the economic, social, and environment levels in compliance with Qatar’s National Vision 2030.”
Thanking traders for their support, al-Muraikhi highlighted the company’s other achievements, which included the completion of the Steel Melt Shop Project (EF5). The commercial production was launched in February this year with a capacity of 1.1mn tonnes per year.
As for the Algerian JV Steel project, al-Muraikhi said Qatar Steel International (QSI) signed the shareholders agreement in March 2013. He added that the Articles of Association was initialised on December 19, 2013, while the registration was completed in Algeria in January this year. On environment preservation, al-Muraikhi reported that Qatar Steel was now recycling by-products through briquetted iron and by utilising them as raw materials in the manufacturing process.
According to Qatar Steel division commercial manager Ahmad al-Ansari, the traders gathering is a perfect opportunity for the company to meet its traders, exchange views about different business aspects, and review current and future marketing plans and strategies.
Al-Ansari pointed out that “such annual gathering with our traders would enhance cooperation and communications with them, and it would strengthen the ties of partnership, based on mutual trust and respect.”
