History
Qatar Steel is the new corporate identity and the trade name for Qatar Steel Company, QSC. It was incorporated on October 14, 1974 by way of Emiri Decree No. 130 under its former name QASCO as the first integrated steel plant in the Persian Gulf region. It was a joint venture between the Government of Qatar and two Japanese companies, Kobe Steel and Tokyo Boeki . It started its full operation and steel production in 1978 and in 1997, shares of Kobe Steel and Tokyo Boeki were acquired by the Government of Qatar, which was later transferred to Qatar Petroleum and thereafter to Industries Qatar (IQ) during a reorganization in April 2003.
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“There is no history of how bad became better.”
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—José Ortega Y Gasset (1883–1955)
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