Bahrain Steel (formerly GIIC), a wholly owned subsidiary of Foulath was established in the Kingdom of Bahrain in 1988. Located on the Foulath Complex in the Hidd Industrial Area, Bahrain Steel operates two iron ore pelletizing plants with a total production capacity of 11.0 mtpy. Over time, Bahrain Steel has established its reputation as a market leader and is only one of three merchant pelletizing plants in the world and the only such operator in the Middle East region. The Company invests considerably in maintaining its reputation in the iron and steel industry as a top quality producer of iron oxide pellets and is committed to providing its customers with the quality of products and services that meets their needs and exceeds their expectations. Bahrain Steel produces mainly Direct Reduction (DR) - grade pellets for its customers in the Middle East, India, Far East and South East Asia. Blast Furnace (BF) – grade pellet production is also utilized from time to time when manufacturing pellets for customers in India, China and Japan. Bahrain Steel provides high quality iron oxide pellets to its customers in line with agreed specifications and delivery schedules whilst putting customer satisfaction as its topmost priority. Bahrain Steel is distinguished by the following competitive advantages in the production of its quality pellets: Diversified sources of high quality iron ores Extensive experience of pelletizing for over 26 years State-of-art facilities that are continually upgraded Grate-Kiln technology, which is a proven method of production in use in over 50 facilities worldwide Pellets that can be tailored to suit the individual requirements of a particular steel maker To ensure the Company continues uninterrupted production of its market leading pellets, Bahrain Steel has secured its high-quality iron ore requirements for its plants from the most reliable and reputable iron ore suppliers through long-term (up to 25 years) contracts.