QATAR DUBAI Qatar Steel Company (Q.S.C.) Qatar Steel Company FZE P.O. Box 50090, Mesaieed, State of Qatar P.O. Box 18255, Jebel Ali Free Zone Tel. +974 4778778, Fax +974 4771424 Dubai, United Arab Emirates [email protected] Tel. +971 4 8053111, Fax +971 4 8053222 www.qatarsteel.com.qa [email protected] www.qatarsteel.ae page 2 His Highness Sheikh Hamad Bin Khalifa Al-Thani Emir of the State of Qatar page 2 His Highness Sheikh Tamim Bin Hamad Bin Khalifa Al-Thani Heir Apparent page 4 Contents Board of Directors 7 Senior Management 9 Chairman’s Message 11 Director & General Manager’s Message 13 Brief about Qatar Steel 15 Material Control Department 17 Direct Reduction Department 20 Steel Making Department 22 Rolling Mill Department 24 Technical Department 25 Engineering Department 26 Commercial Division 28 Health, Safety & Environment Department 30 Business Development Department 31 Qatar Steel Dubai 32 Vision We endeavour to be universally recognised as a leading and constantly growing force in the steel industry of the region, and to be admired for our business culture, for building value for our shareholders and customers, and for bringing inspiration to our people. Board of Directors H.E. Yousef Hussain Kamal H.E. Dr. Mohammed Saleh Chairman Al-Sada Vice Chairman Sh. Nasser Bin Hamad Mr. Fahad Hamad Mr. Abdel Rahman Ahmed Dr. Nasser Mubarak Shafi Mr. Mohamed Hitmi Al-Thani Al-Mohannadi Al-Shaibi Al-Shafi Ahmed Al-Hitmi Director & General Manager Director Director Director Director page 7 Mission We will continue to be the first name in the region’s steel industry by harnessing our assets and resources to achieve profitable growth, operational and organisational excellence, and good corporate citizenship. Senior Management Sh. Nasser Bin Hamad Eng. Mohammed Tahir Mr. Ali Bin Hassan Mr. Saad Rashid Mr. Yousef Abdulla Al-Thani Al-Hammadi Al-Muraikhi Al-Mohannadi Q. Al-Emadi Director & General Manager Projects Division Manager Commercial Division Manager Procurement & Warehousing Production Division Manager Division Manager Mr. Kefah Mustafa Al-Mulla Mr. Husein Hassan Murrar Mr. Salah Babiker Dr. Idris I. Gamil Mr. Malek Hamdieh Administration Division Manager Business Development Finance Department Manager Senior Legal Advisor IT Manager Manager & Board Secretary page 9 The year posed a wide range of challenges for all our departments. This, in turn, inspired us to pursuit a path of innovation and creativity, which helped us to ensure a steady stream of revenues for the Company as well as its shareholders and investors. Chairman’s Message The adverse impacts of the global that Qatar Steel reaped satisfactory We, at Qatar Steel, are determined financial crisis, which shook the results. The efforts undertaken in to move forward on the track of international economy and affected 2009 will definitely pave the way for a success that the Company has been the performance of many economies brighter future in the years to come. pursuing for the last three decades. around the world, spilt into 2009 as The year posed a wide range of Finally, I would like to take this well. challenges for all our departments. opportunity to extend our sincere With a view towards protecting the This, in turn, inspired us to pursuit gratitude and appreciation to interests of both our shareholders a path of innovation and creativity, HH Sheikh Hamad Bin Khalifa and investors, we concentrated on which helped us to ensure a steady Al-Thani, Emir of the State of Qatar devising various plans and strategies stream of revenues for the Company and HH Sheikh Tamim Bin Hamad Bin to counter the impacts of the global as well as its shareholders and Khalifa Al-Thani, the Heir Apparent financial crisis during 2009. We investors. We are determined to for their inspiring leadership and adopted a new marketing strategy broaden our market base and at the wise directives, which have in turn and undertook an exhaustive search same time, satisfy all the emerging helped Qatar Steel to sustain its for new markets, which led to Qatar needs of the local market. The pioneering position in all its spheres Steel broadening its market base. domestic economy is presently on an of operations. This, in turn, helped the Company to upward trend. This places a greater consolidate its position in the local, responsibility on the shoulders of the regional and international markets. national companies, as they have to collectively play an active role in the Our ability to adapt to the evolving progress and development of the market conditions by adopting new national economy. strategies and plans as well as by Yousef Hussain Kamal exploring new markets ensured Chairman page 11 Qatar Steel, by virtue of its well-established operations, managed to overcome the impacts of the international financial crisis by adopting a new marketing strategy. This, in turn, enabled it to widen its market base and acquire new clients. Director & General Manager’s Message During 2009 the dark clouds of the The international financial crisis expansion. It is also well aware of its global financial crisis, which did presented Qatar Steel with a commitments at both the regional not spare anyone, started giving wide range of challenges. On and international levels and is way to the clear sky. However, the the other hand, it also provided working hard to fulfill them. The atmosphere generally remained us with an ideal opportunity to Company’s expansion plans as well cloudy. Even though, like others, devise ways and means to deal as its endeavours to achieve its goals Qatar Steel also suffered from the with crises of this magnitude. The are a never-ending process that will repercussions of the crisis, it still Company successfully withstood never cease. managed a satisfactory performance the repercussions of the crisis by Qatar Steel is determined to in terms of product demand, sales adapting to the prevailing market continue with its endeavours to volume and net profit mainly due to conditions and returned to a consolidate its image in its markets the competitiveness of its products. promising track of production and and reinforce the vital role it is However, the overall performance of sales and achieved satisfactory playing in the national economy. the Company was below what was financial results. We are also committed towards expected before the onset of the During 2009 Qatar Steel posted a reaching further heights of success crisis. number of significant achievements. by following the highly valuable The beginning of 2009 continued This reiterates the unique and directives of HH Sheikh Hamad Bin to witness the adverse effects distinct position the Company has Khalifa Al-Thani, Emir of the State I take immense pleasure in of the international financial been enjoying in the regional and of Qatar and HH Sheikh Tamim Bin presenting to you the 2009 annual crisis as the local, regional and international markets for the last Hamad Bin Khalifa Al-Thani, the Heir report of Qatar Steel, our sixth international markets continued three decades. Apparent. annual report so far. Along with, I with their recessionary trend. would like to inform you that all our It is worth noting that Qatar Steel, These challenging market operations continue to be conducted by virtue of its well-established conditions dictated certain internal with absolute transparency and operations, managed to overcome developments at Qatar Steel in credibility, and as in the previous the impacts of the international order to surpass the sales downtrend years, we continued with our pursuit financial crisis by adopting a new by seeking new marketing of innovation and creativity as marketing strategy. This, in turn, opportunities in China, which well as with our partnership in the enabled it to widen its market base seemed to be not affected by the sustainable development process and acquire new clients. crisis. The marketing opportunities outlined by the wise leadership of in China compensated for our loss Qatar Steel is well aware of its this country. of sales. vital role in the national economy, Nasser Bin Hamad Al-Thani which is witnessing an exceptional Director & General Manager page 13 Values A ‘PRINCIPAL’ Player The drivers of our ambition • Trustworthy • Reliable • Dynamic • Creative • Perceptive Purpose To reach a league where we will matter beyond normal commercial objectives. To become the standard for quality enterprise and to exude a winning attitude in order to make a difference in our environment. Brief about Qatar Steel Qatar Steel Company, which was established Qatar Steel operates a fully owned subsidiary – in 1974 as the first integrated steel plant in the Qatar Steel Company, FZE Dubai – that produces Arabian Gulf, commenced commercial production steel bars and coils. Qatar Steel also has a sizeable in 1978. Over the years, the Government of Qatar stake in three associate companies - United acquired complete ownership of the Company and Stainless Steel Company (USCO), Bahrain; Gulf transferred the same to Qatar Petroleum (QP) which Industrial Investment Co. (GIIC), Bahrain and Qatar in turn transferred its shares to Industries Qatar (IQ). Metals Coating Company W.L.L. (Q-Coat). USCO Today, Qatar Steel is recognised as a leading and manufactures cold rolled stainless steel coils and constantly growing force in the steel industry of the sheets. GIIC is engaged in the pelletization of iron region, and is admired for its business culture, for ore which is an essential raw material of Qatar Steel building value for its shareholders and customers, and Q-Coat manufactures epoxy coated bars. and for inspiring its people. With a committed, skilled and well-trained workforce of about 1,900, and excellent plants, Qatar Steel produces and sells a wide range of bars, billets and DRI/HBI throughout the GCC region and other neighbouring countries.