Synopsis:
Algerian Qatari Steel has received certification from Lithuania to expand its rebar sales in the European market. The certification covers specific steel rebar types and paves the way for AQS to extend its market presence in the Baltic region.
Article:
Algerian Qatari Steel (AQS), a major integrated steel producer in Algeria, is gearing up to make a significant impact in the European longs market. The company recently secured a crucial certification for rebar sales in Lithuania, furthering its ambitions to penetrate other Baltic countries as well.
The certification was issued by Lithuanian authorities on October 20 and applies to B500B, 8-40 mm steel rebar. According to the official statement, this certification remains valid as long as AQS maintains production in line with the stipulated requirements. Interestingly, this is not the first certificate AQS has received for the Baltic region; the company also holds one for Poland.
With a production capacity of 2.5 million metric tons of DRI per year and 2.4 million metric tons of crude steel, AQS is a force to be reckoned with. In the longs segment, the company boasts an impressive 1.5 million metric tons of rebar and 500,000 metric tons of wire rod output per year.
Already a known entity in some African markets, the UK, and Poland, AQS aims to broaden its horizons. The recent certification is a concrete step towards establishing a stronger presence in the Baltic and Scandinavian regions, adding another feather to the company's already illustrious cap.
The certification is more than just a permit; it's a signal of quality and compliance that will likely open doors for AQS in other Baltic countries. Given the highly competitive nature of the steel market, such certifications serve as vital tools for market differentiation and customer trust.
It's worth noting that AQS isn't just settling for Baltic expansion; the company is concurrently working to gain similar certifications for other countries in the region. This dual approach underscores AQS's commitment to becoming a leading player in the European steel market.
Conclusion:
The certification from Lithuania for rebar sales marks a significant milestone for Algerian Qatari Steel. It not only solidifies the company's presence in Lithuania but also sets the stage for further expansion into the Baltic and potentially Scandinavian markets.
