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Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023

Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about 55 percent. %.

Al-Rumaithi added that the company was able to export about 45% of its iron production outside the country during the first half of 2023, as the group exports to more than 70 countries around the world, which reflects the quality and efficiency of the product that the company exports under the slogan “Made in the UAE”, and in line with The National Strategy for Industry, “The $300 Billion Project.”

Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about 55 percent. %.

Al-Rumaithi added that the company was able to export about 45% of its iron production outside the country during the first half of 2023, as the group exports to more than 70 countries around the world, which reflects the quality and efficiency of the product that the company exports under the slogan “Made in the UAE”, and in line with The National Strategy for Industry, “The $300 Billion Project.”

Engineer Saeed Ghamran Al-Rumaithi, CEO of Emirates Arkan Group, said that the company achieved strong financial performance during the first half of 2023, despite the challenges facing the industry, due to the increase in demand from the local market, as the percentage of the company’s sales of steel in the local markets amounted to about 55 percent. %.

Al-Rumaithi added that the company was able to export about 45% of its iron production outside the country during the first half of 2023, as the group exports to more than 70 countries around the world, which reflects the quality and efficiency of the product that the company exports under the slogan “Made in the UAE”, and in line with The National Strategy for Industry, “The $300 Billion Project.”

Al-Rumaithi stressed that the group follows the strategy of expansion in global markets by focusing on producing products with high added value, pointing to the group’s success in producing more than 3 times more products with high added value during the first half of 2023 compared to the first half of 2022.

In the context of supporting the perspective of sustainability, Al-Rumaithi pointed out to the group’s competitiveness in the environmental field, by reducing the intensity of carbon dioxide emissions in its industry, as its level of low emissions is 45% less compared to the emissions of other factories at the global level, and 44% less at the local level. .

Regarding the production of “green iron”, the CEO of the group indicated that a memorandum of understanding was signed in this regard with the Department of Economic Development in Abu Dhabi, the Abu Dhabi Ports Group, and the Japanese companies “Itochu” and “GFE Steel”, to build factories that produce a complete supply chain of low iron. carbon to green steel.

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