Press Releases

February 21, 2024

Emsteel and MAGSORT Collaborate in the First Industrial Pilot Project to Reduce Cement CO2 Footprint up to 15%

Following COP28 commitment and contributing to the UAE First Long-Term Strategy (LTS) demonstrating commitment to Net Zero by 2050, Emsteel, one of the largest publicly traded […]
February 13, 2024

Emsteel reports an 18% rise in full-year 2023 net profit to AED 602 million

• Net profit increased to AED 601.9 million in 2023, compared to a net profit of AED 510.2 million in 2022 • EBITDA for the period […]
January 17, 2024

Emirates Steel Arkan signs a 5-year $2 billion contract for the supply of Iron Ore Pellets with Bahrain Steel Company

Emirates Steel Arkan (ESA), one of the largest publicly traded steel and building materials manufacturers in the region, signed a 5-year iron ore pellets supply contract […]
December 11, 2023

Emirates Steel Arkan and First Abu Dhabi Bank to accelerate collaboration in carbon markets and commodity trading

Emirates Steel Arkan (the “Group”; ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, have signed a Memorandum of […]
December 7, 2023

Emirates Steel Arkan, Khalifa University and Ohmium International Collaborate on Green Hydrogen Research Hub

Emirates Steel Arkan (ESA), Ohmium International (Ohmium) and Khalifa University of Science and Technology today announced the signing of a Strategic Collaboration on Hydrogen Research and […]
November 29, 2023

In line with the UAE’s Net Zero Agenda Emirates Steel Arkan and A³&Co.® collaborate for cement decarbonization ahead of COP28

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 […]
November 23, 2023

Emirates Steel Arkan announces its participation in COP28

Emirates Steel Arkan (ESA) announced today its participation in COP28, aligning with the UAE’s strategic initiative to achieve climate neutrality by 2050 as well as its […]
November 22, 2023

Masdar and Emirates Steel Arkan to develop MENA region’s first green hydrogen-based project to decarbonize the UAE’s hard-to-abate steel sector

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 […]
November 20, 2023

Emirates Steel Arkan highlights sustainable manufacturing efforts as host of the Fastmarkets Middle East Iron and Steel Conference 2023

Emirates Steel Arkan (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, is hosting the 26th Fastmarkets Middle East […]
November 1, 2023

Emirates Steel Arkan (EMSTEEL) reports strong performance in 9 months with AED 6.48 billion in revenues

Emirates Steel Arkan (ADX: EMSTEEL) (“the Group”), one of the largest publicly traded steel and building materials manufacturers in the region, today announces financial results for […]
October 12, 2023

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

Emirates Steel Arkan (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, announced that it has become a member […]
August 1, 2023

Emirates Steel Arkan (EMSTEEL) Continues Solid Performance in H1 2023

Emirates Steel Arkan (ADX: EMSTEEL) (“theGroup”), the largest publicly traded steel and building materials company in the UAE, today announcessolid financial results for the first half […]
June 20, 2023

Emirates Steel Arkan Rolls Out New Operating Model

Emirates Steel Arkan announced rolling out a new operating model to leverage the combined strengths of the Steel and Building Materials businesses, as part of its […]
June 15, 2023

Emirates Steel Arkan urges Emirati Youth to Lead the Transition to a Low-Carbon Economy

‘Youth in Manufacturing and Technology Forum’ Emirates Steel Arkan’s Youth Council hosted its first Youth in Manufacturing andTechnology Forum, showcasing the Group’s commitment to engaging the […]
June 2, 2023

Emirates Steel Arkan, Abu Dhabi Department of Economic Development and ITOCHU Sign MoU to Drive Sustainable Growth in the UAE’s Low-Carbon Iron Supply Chain

Emirates Steel Arkan (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, signed a Memorandum of Understanding (MoU) with […]
June 2, 2023

Emirates Steel Arkan Demonstrates IndustrialSustainability Leadership During ‘The Make it in the Emirates Forum2023’

Emirates Steel Arkan (ADX: EMSTEEL), one of the region’s largest publicly traded steel and building materials manufacturers, concludedits participation as a Diamond Sponsor in the ‘Make […]
February 13, 2023

Emirates Steel Arkan’s 2022 net profit increases to AED 508.5 million, buoyed by strong global sales

Abu Dhabi, United Arab Emirates, 13 February 2023: Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), the largest publicly traded steel and building materials company in the […]
November 1, 2022

Emirates Steel Arkan Announces 3Q 2022 Results

Group strengthens financial position post-merger and continues successful expansion strategy 3Q22 revenues rose 29% year-on-year to AED 2.51bn compared to 3Q21 pro-forma AED 1.94bn 3Q22 EBITDA […]
September 28, 2022

Emirates Steel Arkan to showcase sustainable pipe product range at WETEX 2022

Emirates Steel Arkan (ADX: EMSTEEL), the largest publicly traded steel and building materials company in the UAE, will participate in WETEX and Dubai Solar Show 2022 […]
September 26, 2022

Emirates Steel Arkan, ITOCHU and JFE Steel in Talks to Create Green Iron Supply Chain

Emirates Steel Arkan (ADX: EMSTEEL), the UAE’s biggest publicly traded steel and building materials company, has partnered with ITOCHU Corporation (TYO: 8001) and JFE Steel Corporation, […]