Qatar Steel hosts traders’ meet

16/04/2014 08:17 AST

The Qatar Steel has hosted its 11th Traders’ Annual Gathering. The official ceremony was held at The Ritz Carlton- Doha, in honour of Qatar Steel’s traders.

The ceremony was attended by a large number of traders and distributors. Qatar Steel officials including Ali Bin Hasan Al Muraikhi, Managing Director and General Manager, division and department managers and senior employees attended the event.

Al Muraikhi said: “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 World Football Cup.”

Al Muraikhi said 2013 was a high performing year for Qatar Steel with excellent and positive highlights in terms of operational and financial results despite the challenges that the regional markets have witnessed. Qatar steel has achieved high percentage of growth, as one of the leading steel companies in Arab Gulf, and it has succeeded to establish itself in the local and regional markets through its high quality products, and outstanding customer service, doing our utmost to meet their requirements and expectations.

He highlighted the company’s achievements, expansion projects throughout 2013. He commended the traders for their continual support and cooperation. These achievements included the accomplishment of the Steel Melt Shop Project (EF5).

The commercial production commenced in February, with a capacity of 1.1 million tonne per year.

As for the Algerian JV Steel project, Al Muraikhi said that Qatar Steel International signed the shareholders agreement in March 2013; Articles of Association was initialised on December 19, 2013 and the registration was completed in Algeria in January 2014.

In conformity with the environment preservation, and within the framework of turning all its manufacturing operations to be eco-friendly, Qatar Steel implemented a recycling of its by-products through briquetted iron, and to utilise them as raw materials in the manufacturing process.

Ahmad Al Ansari, Division Commercial Manager of Qatar Steel, said that the traders’ gathering is a perfect opportunity for Qatar Steel to meet its traders, exchange the views about different business aspects and review the current and future marketing plans and strategies.

Al Ansari said such annual gathering with our traders would enhance the cooperation and communications with them, and it would strengthen the ties of partnership, based on mutual trust and respect.

The Peninsula