9,347.17 TL BIST 100 BIST 100
€33.62 EUR EUR
4.34 CNY CNY CNY
31.06 $ USD USD
0.13 CNY CNY/EUR CNY/EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Qatar Steel boosts position with Al Qatari company acquisition

Qatar Steel has successfully acquired Al Qatari Company for 346 million Qatari riyals ($95.02 million), cementing its foothold in the steel industry.

 Qatar Steel boosts position with Al Qatari company acquisition

Qatar Steel has successfully acquired Al Qatari Company for 346 million Qatari riyals ($95.02 million), cementing its foothold in the steel industry. This strategic move is set to transform Qatar Steel into a prominent steel billet supplier. It's not just about strengthening its market position; Qatar Steel aims to enhance cost efficiencies and reduce reliance on raw material imports.

This acquisition brings exciting prospects, as Qatar Steel expands its product line to include wire rods. Moreover, it opens doors to new export markets for rebar and steel coils, particularly within the GCC and other global regions. Qatar Steel's strategic expansion is poised to reshape the steel sector, offering a wide range of benefits to both the company and its customers.

The Al Qatari Company, a respected name in the steel sector, brings with it decades of experience and a vast array of valuable assets. The integration of these assets into Qatar Steel's operations promises to increase efficiency, reduce costs, and accelerate the company's journey toward environmental sustainability. This acquisition is not only significant for Qatar Steel but also for the broader Qatari economy. 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea increased its crude steel production in January

Saturday, February 24, 2024

Nippon Steel's bid to acquire US Steel has ignited national security debates in the US

Saturday, February 24, 2024

NLMK Europe announced the partnership with Askon Demir Çelik

Saturday, February 24, 2024

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Iron ore prices in decline: Abundant supply and weak demand continue to pressure

Saturday, February 24, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now