Algerian Qatari Steel's Export Milestone: 700,000 Metric Tons in 2024
Algerian Qatari Steel, a key player in the country’s steel industry, has achieved an impressive export record in 2024. Located in the Bellara industrial zone of El Milia, Jijel, the company exported nearly 700,000 metric tons of steel products to 36 different countries. This significant export achievement underscores AQS's growing global presence and the competitive strength of its products.
According to Sofiane Chaib Setti, the Deputy General Manager of AQS, the company’s ability to access international markets is largely attributed to the high quality of its steel products, which meet the rigorous standards set by international regulatory bodies. This strategic focus on quality assurance has facilitated the company’s seamless entry into markets across Europe, America, and Asia.
Export Growth and Economic Impact
The exported 700,000 metric tons of steel products generated over $360 million in revenue for Algeria in 2024. This impressive figure is in line with the Algerian government’s broader economic diversification goals, particularly the push to reduce dependence on hydrocarbons and expand non-hydrocarbon exports. The success of AQS in achieving such high export volumes is a testament to the company’s alignment with national strategies aimed at fostering economic growth and stability through industrial exports.
Chaib Setti highlighted that the ability to maintain strict adherence to international norms and quality standards has been pivotal in ensuring the company’s continued growth in overseas markets. International quality compliance certificates have been instrumental in establishing AQS as a trusted supplier in global steel markets, thus enhancing its competitiveness. These certifications have played a crucial role in increasing its market share and reputation across multiple continents.
AQS’s Competitive Edge in Global Markets
In recognition of its achievements, AQS earned the title of the "best Algerian exporter to Africa for 2024," an accolade that underscores the company’s strong foothold on the continent. This recognition not only highlights the company's commitment to excellence but also signals its expanding role in the regional and global steel markets.
The company’s turnover in 2024 reached 139 billion dinars, a figure that reflects the strong demand for AQS’s products and its efficient production capabilities. The company’s annual steel production volume surpassed 2 million metric tons, with 66% of this production directed to the national market, while the remaining 34% was allocated for export.
Expansion and Future Goals
Looking ahead, AQS is planning for even greater growth. The company aims to expand its export capacity in the coming years as part of its ongoing efforts to increase production and market share. The ambitious goal is to reach an export volume of 2.7 million metric tons out of a total annual production of 4 million metric tons by 2028, after the completion of the second phase of its expansion project. This expansion will allow AQS to further strengthen its position in both domestic and international markets.
