Contributing to the UAE’s Net Zero by 2050 strategic initiative, Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announced its strategic collaboration with renowned climate consulting firm A³&Co.® to drive an innovative decarbonization initiative across its Al Ain Cement Factory. The partnership, announced ahead of …
Emirates Steel Arkan Group announced its broad participation in the work of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). In line with the UAE’s strategic initiative to achieve climate neutrality, by 2050. Its goals are to combat climate change, reduce carbon emissions, and limit global warming. As …
Emirates Steel Arkan showcases its solutions to reduce carbon at (COP28) Read More »
Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading renewable energy companies, has partnered with Emirates Steel Arkan, (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, to develop an innovative green hydrogen project to decarbonize the hard-to-abate steel sector in the UAE. The …
Emirates Steel Arkan Group is hosting the 26th session of the Middle East Iron and Steel Conference, which will be held on November 20-22 in Dubai. During this event, the group will showcase its efforts in sustainable manufacturing, which supports the UAE’s climate neutrality strategy. This event brings together many senior decision makers to discuss …
Emirates Steel Arkan hosts a conference on the sustainability of the steel industry Read More »
Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Arkan, stressed the company’s strong financial solvency, noting that the volume of its cash liquidity amounts to about 300 million dirhams. Al Rumaithi revealed, in a statement to CNBC, that the company had written off about 61% of its debt portfolio, bringing it down to about 420 …
CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow Read More »
The first meeting of the Technical Committee of the Arab Iron and Steel Union was held today at the Royal Maxim Palace Kempinski Hotel in Cairo – Arab Republic of Egypt. It is a procedural meeting where the internal law of the Technical Committee was approved and Dr. Othman Al-Malaki, Executive Director of the Technology …
Oman and Etihad Rail Company, the developer and operator of the railway network linking the Sultanate of Oman and the UAE, signed a memorandum of understanding with Emirates Steel Arkan , the largest iron and building materials Production Company in the UAE, to export raw materials from the Sultanate of Oman to the UAE. Under …
An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone Read More »
Emirates Steel Arkan , one of the largest publicly traded steel and building materials manufacturers in the region, announced that it has become a member of “ResponsibleSteel” under the business category. ResponsibleSteel is a global not-for-profit multistakeholder standard and certification initiative that serves as a driving force in the socially and environmentally responsible production of …
Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization Read More »
Saeed Al Rumaithi, CEO of Emirates Steel Group – Arkan, confirmed that the company aims to demonstrate the flexibility of its results in the face of any market turmoil and to continue improving the company’s profitability. Al-Rumaithi said in an interview with Al-Khaleej: “The group owns 65% of iron sales in the local market, and …
Eng. Saeed Al-Rumaithi: Emirates Steel – Arkan is expanding in 3 new markets Read More »
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 …
Emirates Steel achieves 55% of domestic sales and 45% of exports abroad in H1 2023 Read More »
Emirates Arkan Steel Company, EMSTEEL, recorded net profits during the first half of 2023 of about 280.5 million dirhams, an increase of 0.3%, compared to 279.9 million dirhams in the corresponding period of 2022. The company’s revenues in the first half amounted to about 4.43 billion dirhams, compared to 4.6 billion dirhams. The results of …
In the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi, and the Prime Minister of Japan, Fumio Kishida, the Abu Dhabi Ports Group and the Emirates Arkan Steel Group have concluded a cooperation agreement with the two Japanese companies, Itoshu Corporation and …
The Emirates Steel Arkan Group signed a memorandum of understanding with Al Jazeera Steel Products Company (AJSP), which specializes in manufacturing iron products in the Sultanate of Oman, to establish a strategic cooperation system that allows them to benefit more from their common experiences and seize new opportunities in the sector. The signing of the …
The Emirates Steel Arkan Group announced the adoption of a new operating model based on the establishment of two separate business units, the Emirates Steel unit and the building materials unit, with the aim of benefiting from the common strengths of the steel and building materials business. Each business unit will have a Chief Executive …
Emirates Steel Arkan establishes two business management units Read More »
Emirates Council for Balanced Development signed a cooperation agreement with Emirates Arkan Steel Group in the presence of Suhail Al Mazrouei, Minister of Energy and Infrastructure, Emirates Council for Balanced Development member. The agreement comes within the active contribution framework to supporting the “Emirates Villages” project, which aims to develop Emirati villages at the developmental …
The Emirates Arkan Steel Group signed a memorandum of understanding with the Department of Economic Development in Abu Dhabi and the Japanese Company Itochu Corporation to conduct the necessary studies to establish an integrated Complex for low-carbon iron production in Abu Dhabi. The new Complex, which Emirates Steel Arkan intends to develop in partnership with …
UAE: Establishment of a low-emission iron production complex in Abu Dhabi Read More »
Emirates Steel Arkan announced growth in its revenues and profits during the first quarter of 2023. Net profit amounted to 152.2 million dirhams, compared to 72.6 million dirhams for the same period in 2022, an increase of 110%. Several factors contributed to achieving the upbeat performance for the first quarter of 2023, including the increase …
Emirates Steel Arkan doubled its profits during the first quarter of 2023 Read More »
Emirates Steel Arkan said it had not reached any agreement regarding any possible acquisition deal in response to press reports that circulated during the past 48 hours. It stated that the discussions related to the acquisition deal mentioned in the media are still in very early stages, stressing that it will announce any material information …
Bloomberg news agency reported that Emirates Arkan Steel Company is studying the possibility of investing in ThyssenKrupp Steel Works and may make a formal offer in the coming months. The agency quoted sources familiar with the matter as saying that one of the options offered is the acquisition of a minority stake in ThyssenKrupp Steel …
Emirates Steel Arkan is considering buying a stake in ThyssenKrupp Steel Read More »
After four months of price hikes, Emirates Arkan Steel announced rebar prices for May at AED 2,541 per tonne (US$692 per tonne) CPT Abu Dhabi and AED 2,549 per tonne (US$694 per tonne) CPT Dubai. As prices rolled back to March levels and decreased from April by 129 dirhams per tonne ($35 per tonne), owing …
Emirates Steel Arkan announces a descend in rebar prices in May Read More »
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21323304221 Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
