Investor Presentaiton
Optimization updates
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Given the current difficult market and macroeconomic outlook, the Group has further
added an additional layer of optimization measures to withstand the Group against
external pressures.
Major areas focused by the Group companies to further optimize the overall cost
structures included:
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Manpower costs
Feedstock/utilities
Spares and equipment / external services
Corporate and Public relations expenditures
The implementation of the optimization plan began in June 2020 and the effects of the
same expected to be realized going forward.
Although, the Group have taken the above listed initiatives, however, due to COVID-19
some of the costs were unavoidable.
For the year 2020, the Group managed to further reduce controllable fixed operating
expenditures during the year by 2%.
Constant assessment of processes to identify potential cost improvements. In this
regard, within steel segment, the Group was able improve its variable costs substantially
by changing the raw material mix between DRI and scrap.
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Industries Qatar, IR Presentation, YE 2020View entire presentation