Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for April production will remain unchanged for the third consecutive month. The company has set the rebar price at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at
Emirates Steel holds rebar prices steady for April production Read More »
Dubai-based steel fabricator, Fabtech Engineering has signed a strategic agreement with French industrial leader Groupe M to drive innovation and sustainability in the UAE’s nuclear and renewable energy sectors. Fabtech, a key player in heavy manufacturing across the GCC and global markets, will expand its nuclear sector offerings by supplying ‘Made in UAE’ products to
Fabtech partners with Groupe M to advance steel solutions for energy sector Read More »
Morocco’s Ministry of Industry and Commerce has initiated an anti-dumping investigation into galvanized wire imports from Egypt and UAE. The probe follows a complaint by Moroccan companies Somatref, Sicotrem, Galvaftl, and Sodefer, which allege that these imports are being dumped into the market at unfair prices. The product investigated, classified under HS code 7217.2099.00, is
Morocco : Ministry launches AD probe into galvanized wire imports from Egypt & UAE Read More »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in January 2025 amounted to 3.6 million tons, down 2% compared to January 2024. Egypt topped Arab countries in steel production during January with a production 890.1 thousand tons, down 9.1%. Saudi Arabia followed with
Crude steel production in Arab countries declined by 2.0% in January 2025 Read More »
EMSTEEL has announced the launch of its Asset Enhancement Programme – a strategic initiative with a CapEx of approximately AED 625 million, designed to enhance production capabilities and introduce advanced steel solutions to meet growing market demands. The programme directly aligns with the UAE’s Operation 300bn, aiming to upscale innovation in the UAE’s industrial sector
Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for March production will remain unchanged. The company’s price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are priced at AED 2,668 (USD 726) per ton.
Emirates Steel keeps rebar prices unchanged for March Read More »
MSTEEL (‘The Group’, one of the GCC region’s largest publicly traded steel and building materials manufacturers, today unveiled its ambitious decarbonization strategy. The company aims to achieve a 40% reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and a 30% reduction in its Cement Business Unit by 2030, using 2019 as
EMSTEEL announced today its preliminary (unaudited) financial results for Full Year 2024. During 2024, EMSTEEL maintained overall steel production volumes in line with the level attained during 2023. The Group delivered total revenues of AED 8.3 billion, approximately 6% lower than the AED 8.9 billion reported for 2023. This decrease in revenue is due to
EMSTEEL delivers AED 8.3 billion in revenue for 2024 Read More »
Engineer Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, stated that the group achieved good performance in 2024, noting the group’s focus on the local market to increase its sales volume in particular, with the launch of new projects, and the group’s success in outperforming many competitors, and achieving growth in its business. Al Rumaithi
Al Rumaithi: We cover 60% of the local market’s needs for iron products Read More »
Emsteel Group has forged strategic partnerships to pioneer streamlined raw material transport and cross-border rail connectivity in the GCC, while fostering economic collaboration between the UAE and Oman. The landmark agreements highlight a shared commitment to efficient, sustainable transportation of raw materials critical to EMSTEEL’s cement production, while also aligning with the UAE’s Operation 300bn
EMSTEEL Expands Regional Collaboration with UAE-Oman Raw Material Logistics Agreement Read More »
According to the latest report issued by the World Steel Organization on crude steel production. Arab countries’ crude steel production in December 2024 amounted to 3.7 million tons, an increase of 3.2% compared to December 2023. Egypt topped Arab countries in steel production in December with a production volume of 991.2 thousand tons, an increase
Arab countries’ crude steel production to rise by 2.6% in 2024 Read More »
Emirates Steel, a part of the EMSTEEL group, has announced stable rebar prices for February production. The price for rebar deliveries to Abu Dhabi is set at AED 2,660 (USD 724) per ton, while shipments to Dubai, Sharjah, and the Northern Emirates are offered at AED 2,668 (USD 726) per ton. These prices are exclusive
Emirates Steel maintains rebar prices for February 2025 Read More »
The United Arab Emirates, represented by the Ministry of Finance, has successfully concluded the final round of negotiations for Double Taxation Avoidance Agreement on income and capital with the Russian Federation. This milestone underscores the UAE’s commitment to strengthening economic and tax cooperation, fostering a business-friendly environment that protects taxpayers’ rights, prevents double taxation, and
UAE, Russia hold final round of negotiations for Double Taxation Avoidance Agreement Read More »
The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take
Carbon Neutrality in the Arab Steel Industry Read More »
Emirates Steel, part of the EMSTEEL group, has increased rebar prices for January 2025 production by AED 50 (USD 13) per ton. The revised prices are set at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi and AED 2,668 (USD 726) per ton for shipments to Dubai, Sharjah, and the Northern Emirates.
Emirates Steel announces January 2025 rebar prices with an increase AED 50 Read More »
Building materials prices varied between increases, decreases and stability in Dubai in the third quarter of this year 2024, according to what was revealed by the “Dubai Statistics Center” (Dubai Digital). The prices of ready-mix concrete in its two parts: Portland regular Newton 40 increased by 2%, equivalent to 5 dirhams per cubic meter, to
Report: Building materials prices in Dubai vary in Q3 of 2024 Read More »
Modon and Emsteel Group have entered into a strategic partnership that embodies Modon’s ambitious vision to become the first real estate developer in the UAE to rely on sustainable steel. This collaboration underscores the pivotal role played by Emsteel and Modon in driving the construction sector towards a more sustainable and carbon-free future. In line
Emsteel and Modon Partner to Adopt Sustainable Steel in the Construction Sector Read More »
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.6 million tons in October 2024, an increase of 0.4% compared to October 2023. Egypt topped Arab countries in steel production in October with a production 950,000 tons and a decline of 7.3%.
Arab countries’ crude steel production rises by 1.7% in January-October 2024 Read More »
Emirates Steel, part of the EMSTEEL Group, has announced an increase in rebar prices for December production by AED 50 ($14) per tonne to AED 2,610 ($711) per tonne for delivery in Abu Dhabi and AED 2,618 ($713) per tonne for delivery in Dubai, Sharjah and the Northern Emirates. These prices do not include 5%
Emirates Steel Raises Rebar Prices in December Read More »
Saeed Al Ghafri, CEO of Emirates Steel, a subsidiary of Emsteel Group, revealed a new project to produce low-carbon steel in Abu Dhabi, in cooperation with Japanese partners to meet the growing global demand for environmentally friendly products. Al Ghafri confirmed on the sidelines of the “Middle East Iron and Steel Conference 2024” held in
Emirates Steel CEO: Expected project to produce low-carbon steel in Abu Dhabi Read More »
The Industrial Transition Accelerator (ITA) announced that the UAE and Bahrain have joined the ITA initiative, which supports green industrial projects, as the first two countries in the Middle East and North Africa region to expand the scope of carbon emission reduction efforts in the industrial sector in the region. This came in the presence
UAE and Bahrain join ITA initiative to support green projects Read More »
EMSTEEL Group, the UAE’s largest publicly listed steel and building materials company, and, Tadweer Group, Abu Dhabi’s waste management and recycling services leader, have signed a Memorandum of Understanding (MOU) to explore the use of alternative fuels and raw materials in creating green building materials. The agreement focuses on harnessing Tadweer Group’s production of Refuse
His Excellency Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority in Sharjah, stressed the leading role played by the zone in promoting the steel and iron industry sector as a dynamic business center that serves investors and provides them with strategic access to regional and global markets, explaining that the authority includes
Emsteel Building Materials Company recorded a net profit of AED 91.62 million in January – September 2024 compared to AED 387.6 million in the same period last year, a decrease of 76%. The company achieved revenues of AED 5.87 billion in the first nine months of 2024 compared to AED 6.48 billion in the corresponding
UAE: Emsteel profits AED 91.6 million in January – September 2024 Read More »
Saeed Ghumran Al Rumaithi, CEO of Emsteel Group, explained that the group’s performance is good and appropriate, compared to competitors and steel manufacturers worldwide, noting that the industrial sector is going through many challenges globally, due to the economic conditions and the slowdown in global economies, and the impact on the international shipping sector, which
Saeed Al Rumaithi: The construction sector supports the steel industry and grows by 3% Read More »
Abu Dhabi Future Energy Company (Masdar), the world’s leading clean energy company, and Emsteel Group, the largest listed steel and building materials company in the UAE, have announced the successful completion of the development of a pilot project to produce sustainable steel using green hydrogen. The pilot project in Abu Dhabi is the first of
EMSTEEL, the UAE-based company, has announced that its rebar prices for November production will be AED 2,560 ($697) per tonne in Abu Dhabi and AED 2,568 ($699) per tonne in Dubai, Sharjah and the Northern Emirates. This marks an increase of $30 per ton compared to last month’s prices. Headquartered in Abu Dhabi, EMSTEEL has
EMSTEEL increases rebar prices for November Read More »
According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production to 3.4 million tons in September 2024, an increase of 2.2% compared to September 2023. Egypt topped Arab countries in steel production in September with a production volume of 867 thousand tons and an increase
Arab countries’ crude steel production increases by 1.9 % in January – September 2024 Read More »
Prices of major building materials groups recorded slight relative declines during the second quarter compared to the first quarter of 2024, as cement prices decreased by 1-3%, while rebar decreased by about 4.8% in the same comparison, according to data from Dubai Statistics, published by Dubai Digital. As for rebar, twisted steel measuring (6-8) millimeters
Building materials prices record slight declines in Q2 2024 Read More »
Emirates Steel Arkan, one of the largest national companies listed in the steel and building materials sector in the region, announced the change of its corporate identity to Emsteel Group (listed on the Abu Dhabi Securities Exchange under the symbol: (EMSTEEL), as part of its ambitious strategy to lead the sustainable industrial transformation scene and
Emirates Steel Arkan announces change of corporate identity to Emsteel Group Read More »