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Arab Steel Summit

UAE

UAE: Rebar prices rise by 8% during the first quarter of 2024

Rebar prices in the UAE markets moved in a narrow range during the first quarter of 2024, ranging around 2,745 dirhams/ton, compared to an average of 2,538 dirhams/ton during the same period in 2023, an increase of 8%. Prices reached levels of 2,680 dirhams/ton in January of this year, while they ranged around 2,734 dirhams/ton …

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Emirates Green Metal establishes an steel recycling facility with investments of $100 million

Khalifa Economic Zones Abu Dhabi – Kizad Group and Green Metal Industries, based in the UAE, announced the signing of an agreement to develop a new facility for recycling scrap steel and manufacturing special steel products in Kizad. The factory will be developed with investments amounting to $100 million, and will rely on advanced technologies …

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An agreement between Emirates Steel Arkan and SAP to enhance efficiency and sustainability

Emirates Steel, Arkan, signed an agreement with the global technology giant, SAP, with the aim of bringing together its operations in a unified cloud solution for enterprise resource planning, and increasing the flexibility and sustainability of its supply chain. Emirates Steel Arkan will adopt the “Rise with SAP” solution with the aim of transferring its …

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World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 148.1 million tonnes (Mt) in January 2024, a 1.6% decrease compared to January 2023. Crude steel production by region Area Jan 2024 (Mt) % change Jan 24/23 Jan-Jan 2024 (Mt) % change  24/23 Africa 2.0 16.3 2.0 16.3 Asia …

World’s crude steel production declined by 1.6% in January 2024, and Arab countries increased Read More »

Emirates Steel Arkan cooperates with the Finnish Magsworthto Reduce CO2 emissions

Following COP28 commitment and contributing to the UAE First Long-Term Strategy (LTS) demonstrating commitment to Net Zero by 2050, Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, announced its strategic collaboration with MAGSORT, a Finnish decarbonization company, to drive an innovative initiative across its Al …

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Opening of a complex for manufacturing and supplying steel pipes with investments of 220 million dirhams in Abu Dhabi

Tenaris, a company specialized in manufacturing and supplying steel pipes, opened a new industrial complex in Abu Dhabi under the name Etihad Pipes, with an investment of 220 million dirhams. The new industrial complex was established under a long-term partnership between ADNOC and Tenaris. The new complex has an area of 200,000 square meters and …

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CEO of Emirates Steel Group, Arkan: Emirates Steel’s share is between 60-65%

Saeed Ghumran Al Rumaithi, CEO of Emirates Steel Group Arkan, confirmed that the UAE is considered one of the few countries recording growth in demand for iron in light of the current global circumstances, indicating the company’s keenness to stabilize iron prices in the local market. Al-Rumaithi explained that the local market recorded an increase …

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Emirates Steel Arkan achieves profits of 602 million dirhams in 2023, with a growth of 18%

Emirates Arkan Steel announced an 18% growth in net profits to 601.9 million dirhams, compared to net profits of 510.2 million dirhams in 2022. These positive results reflect the strong demand from local and international customers for value-added products, the continuous improvement in the revenues and profits of the building materials unit, as well as …

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Türkiye’s steel exports to GCC decline in December 2023

In December 2023, Turkey’s steel exports to the Gulf region saw a 6% decline compared to the previous month, according to the Turkish Statistical Institute (TUIK). Total steel exports for December amounted to 11,710 tons, compared to exports of 12,467 tons in November. The value of exports decreased by 4%, reaching US$9.1 million. Turkey’s steel …

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Emirates Steel Arkan signs a contract worth $2 billion with Bahrain Steel

Emirates Steel Arkan  announced that it has signed a 5-year contract with Bahrain Steel to supply iron ore pellets. The contract, worth about $2 billion (about 7.3 billion dirhams), was signed at the fourth meeting of the Integrated Industrial Partnership Initiative for Sustainable Economic Development, which was recently held in Bahrain. The new agreement will …

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US issues preliminary AD duties on circular welded pipe from UAE

The US  Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on circular welded carbon quality steel pipe (pipe) from the United Arab Emirates. During the review period from December 1, 2021, to November 30, 2022, UAE-based producers were found to have made sales of the …

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World crude steel production increased by 3.3% in November 2023

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 145.5 million tonnes (Mt) in November 2023, a 3.3% increase compared to November 2022. Africa produced 1.8 Mt in November 2023, up 3.1% on November 2022. Asia and Oceania produced 104.8 Mt, up 2.2%. The EU (27) produced 10.6 …

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UAE: Research on green steel production in Khalifa Industrial City

Liberty Steel, a global steel producer, signed a memorandum of understanding with Abu Dhabi Ports Group to develop solutions to import high-quality magnetite iron ore from Australia to the United Arab Emirates. The agreement would play an important role in decarbonising international iron and steel production by combining Liberty’s access to 4 billion tonnes of …

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UAE launches a road map to decarbonize the sector by 93% by 2050

Osama Amir Fadl, Assistant Undersecretary of the Ministry of Industry and Advanced Technology for the Industrial Accelerators Sector, confirmed that the Ministry launched, during the COP28 Conference of the Parties, a road map for decarbonization in the industrial sector, with the aim of reducing emissions in the sector by 93% by 2050, which would remove …

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Emirates Steel Arkan cooperates with Co&³A to support the decarbonization of the cement sector

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 …

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Emirates Steel Arkan showcases its solutions to reduce carbon at (COP28)

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 …

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World crude steel production increased by 0.6% in October 2023

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 150.0 million tonnes (Mt) in October 2023, a 0.6% increase compared to October 2022. Africa produced 1.9 Mt in October 2023, up 3.5% on October 2022. Asia and Oceania produced 108.8 Mt, up 0.8%. The EU (27) produced 10.6 …

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Emirates Steel Arkan and Masdar to develop first project to produce steel based on green hydrogen

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 …

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Emirates Steel Arkan hosts a conference on the sustainability of the steel industry

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 …

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Sultan Al Jaber: 160 heads of state and government participate in “COP28”

Dr. Sultan bin Ahmed Al Jaber stressed that the UAE’s hosting of this conference, which will be the largest international conference hosted by the country, and the most important global conference focused on addressing the repercussions of climate change, is a source of pride and pride for all citizens and residents, and a historical milestone …

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CEO of Emirates Steel Arkan: 300 million dirhams, the size of the company’s cash flow

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 …

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An agreement between Oman, Etihad Rail and Emirates Steel Arkan to transport limestone

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 …

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Emirates Steel Arkan becomes member of multi-stakeholder ‘ResponsibleSteel’ organization

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 …

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