AQS strengthens presence in export markets

Algerian Qatari Steel (AQS) has launched a new export shipment of 99,470 tons of steel products from its Bellara complex, with material destined for Saudi Arabia and Lithuania.

The shipment, valued at more than USD 39 mln, includes direct reduced iron (DRI) pellets for Saudi Arabia, as well as rebar and wire rod for Lithuania.

The latest shipment brings AQS's total steel exports since the beginning of 2026 to more than 545,000 tons, with a value exceeding USD 274 mln.

The company said the exports form part of its efforts to expand its presence in international markets and support Algeria's non-hydrocarbon exports.

Founded in 2013, AQS is a joint venture between Qatar Steel International (49pct) and Algerian partners (51pct). It operates a 2.5 mln tons per year Midrex DRI plant, two electric arc furnace (EAF) melt shops with a combined capacity of 2.2 mln tons, and three rolling mills capable of producing up to 2 mln tons of rebar and wire rod annually.