Tuesday 29 July 2014
 
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Qatar Steel

Siemens seals Qatar substation contract

Siemens, the global powerhouse in electronics and electrical engineering operating in the energy and infrastructure sectors, has signed a QR138 million ($38 million) contract with Qatar Steel Company to build a high-voltage substation at its com

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Qatar firm to build major steel plant in Algeria

  Qatar International, a joint venture by Qatar Steel and Qatar Mining, secured a deal to build, own and operate a $2 billion steel plant in Algeria, state media said, which would be the country's second after a plant owned b

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Qatar Steel ups stake in Saudi firm

Qatar Steel, a wholly-owned subsidiary of Industries Qatar, increased its stake in South Steel of Saudi Arabia to 29.74 percent, the company said on Thursday, a nearly nine percentage point increase in ownership.      

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Qatar Steel secures $250m loan for expansion

Qatar Steel, a wholly-owned subsidiary of Industries Qatar, has secured a $250 million subordinated loan facility from two banks to finance expansion, it said on Sunday. International Bank of Qatar (IBQ) is acting as facility agent and wil

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Qatar Steel to build new plant

Qatar Steel has signed a contract with Siemens VAI to build a new steel plant to meet growing demand in Qatar and the wider region, the company said in a statement on Wednesday. The plant, which will have the capacity to produce 1.1 milli

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Qatar Steel inks $2m software deal with GE

GE Intelligent Platforms has been selected by Qatar Steel to provide a complete production management solution designed to improve operating efficiency, under a $2 million contract. The contract features GE’s award-winning suite of Proficy

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Qatar Steel sees Gulf rebar demand down 30pc

Demand for reinforcement steel used in construction, rebar, in the Gulf Arab region is expected to fall by at least 30 per cent in 2009, Qatar Steel said on Monday. "It will be a very challenging year," said Ali Hassan Al-Muraikhi, manager

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Qatar Steel halts exports on local demand

Qatar Steel, a unit of Industries Qatar, has decided to halt all steel exports after a 45 percent increase in local demand due to a construction boom, the firm said in a statement. 'Qatar Steel reached this decision in order to meet th

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Qatar Steel extends price freeze

State-controlled Industries Qatar said on Sunday it would extend a freeze on steel prices until the end of September as the Gulf state battles near-record inflation by tightening price controls. Qatar Steel, a unit of Industries Qatar, wil

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Qatar Steel to reach full capacity in '08

Qatar Steel, a subsidiary of state-controlled Qatar Industries, will achieve full capacity this year following a major expansion, a report said. The company's direct reduction iron (DRI) production would surge to 2.3 million tonnes and mol

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