His Highness His Highness Sheikh Tamim Bin Hamad Al-Thani Sheikh Hamad Bin Khalifa Al-Thani Heir Apparent Emir 0f the State of Qatar
Report Contents
05 Chairman’s Message 06 Director & General Manager’s Message
07 Vision, Mission, Values & Corporate Strategy
08 Board of Directors 09 Management Team 10 Brief of Qatar Steel & Qatar Steel FZE
12 Sales and Commercial A airs 14 Business Development Accomplished
15 Corporate Social Responsibilities
www.qatarsteel.com.qa | Safety & Caring for Environment 03 WE MAKE STEEL MATTER
Chairman’s Message
Year 2011 was another fruitful and remarkable year for Qatar Steel Company.
Since its inception in 1974, Qatar Steel has grown into one of the reputed steel companies in the region, increasing its production substantially and modernizing its plant facilities, it has become one of the leading steel player not only in the domestic market, but in all GCC countries.
We see enormous growth potentials for steel industry in Qatar, since Middle East is considered as a fast growing region. Qatar Steel is rapidly pursuing its growth plans to move from the current annual production level of 2.7 million tons to over 5 million tons in 5 years' time through revamping its existing PROVISION FOR facilities, planning new expansions, establishing joint ventures and acquisitions. THE CHAIRMAN’S PHOTO Inspired by its vision and strategic goals, Qatar Steel has established strategic investments in Qatar Metals Coating Company W.L.L (Q-Coat), South Steel in Saudi Arabia and a Foulath's joint Venture in Bahrain. We are working diligently to seize possible joint venture opportunities in the mining and pelletization sectors as done with GIIC to ensure long term strategic sourcing of key raw material for current and future production requirements.
Over the years, we have successfully forged a leadership brand image by establishing unrivalled quality, flexibility and reliability in all our products and services we o er.
Through our motto of making steel matter, we are constantly striving for continuous improvements in all areas of operations keeping customers as the core theme of our business. Our close collaboration with our valued distributors has enabled us to proactively respond to changing market requirements and to stay ahead of competition.
We seize this opportunity to extend our deep thanks and appreciation to HH Sheikh Hamad Bin Khalifa Al-Thani, the Emir of Qatar and HH Sheikh Tamim Bin Hamad Bin Khalifa Al-Thani, the Heir Apparent, for their inspiring leadership and wise directives, which helped Qatar Steel sustain its pioneering position in the strategic markets.
Yousef Hussain Kamal
04 Chairman’s Message | QATAR STEEL ANNUAL REPORT 2011 WE MAKE STEEL MATTER
Through our motto of making steel matter, we are constantly striving for continuous improvements in all areas of operations keeping customers as the core theme of our business.
www.qatarsteel.com.qa | Safety & Caring for Environment 05 WE MAKE STEEL MATTER
Director & General Manager’s Message
It gives me great pleasure to say that the year 2011 was a high performance and successful year for Qatar Steel, as we have achieved excellent records in terms of operations, revenues and profitability.
On the production level, we have achieved outstanding outputs, reaching 2,213 KMT of DRI/HBI, 2,038 KMT of molten steel, 2,005 KMT of billets, 1,819 KMT of bars and 126 KMT of Coils. The total shipments during the year were 76 KMT of billets, 186 KMT DRI/HBI, 1,827 KMT of reinforcing steel bars and 134 KMT of Coils.
Qatar Steel has established a strong distributors' network in the GCC countries, which has enabled us to achieve our sales targets, despite sti competition, weak global economies and uncertainty in the Middle East markets.
Over the years, Qatar Steel, as a leading steel