Posted on 31 Oct 2025
Qatar Steel has signed a memorandum of understanding with Qatar’s customs authority aimed at cooperation to implement measures to restrict scrap exports from Qatar, Kallanish notes.
The parties want to enhance integration between government and industry “to protect national resources, support national industry, and ensure the sustainability of supply chains, as well as to regulate the trading of scrap iron and adhere to the requirements of transparency and responsibility in commercial transactions, in a way that supports the competitiveness of the industrial sector and the economic goals of the state,” Qatar’s General Authority of Customs says.
The MoU was signed by Qatar Steel chief executive Abdulrahman Ali Al-Abdulla and customs officials.
In November 2019, the General Authority of Customs issued a notice permitting the export of steel scrap from Qatar without approval from Qatar Steel Company. This suspended a previous order regulating scrap exports from 2009.
Qatar Steel restarted its EF4 Plant in early 2025, resulting in an increase in billet production by 750,000 tonnes/year. It says this is expected to improve synergies between its subsidiaries and affiliates, as well as the profitability of the group.
In the nine months through September, the firm’s sales surged 45% on-year to 2.13 million tonnes and revenue jumped 25% to QAR 3.67 billion ($1.01 billion). Net profit fell 21% to QAR 345 million, impacted by the absence of a one-off other income.
Source:Kallanish
