EMSTEEL

EMSTEEL is a publicly traded industrial company headquartered in Abu Dhabi, United Arab Emirates, and the UAE's largest steel and building materials manufacturer. The company was formed through the merger of Emirates Steel, established in 1998, and Arkan Building Materials, founded in 2005, both created as part of Abu Dhabi's economic diversificati... on strategy beyond the oil sector. The merger was initiated by holding company ADQ in 2021 and completed in the fourth quarter of that year, with the publicly listed Arkan acquiring Emirates Steel to form a combined entity with assets valued at approximately AED 13 billion. The company operated under the interim name Emirates Steel Arkan before being renamed EMSTEEL on September 5, 2024. EMSTEEL is majority owned by ADQ, the Abu Dhabi government's holding company, through its subsidiary Senaat, and trades on the Abu Dhabi Securities Exchange under the ticker symbol EMSTEEL. The Group operates across three primary business segments: Steel, Cement and Blocks, and Pipes and Other, with the Steel segment generating maximum revenue. EMSTEEL produces home-grown high-quality steel products that are shipped and used across the world in major global markets, serving the construction, engineering, and energy sectors. The company also manufactures premium cement, blocks, pipes, and dry mortar, creating a comprehensive one-stop solution for the manufacturing and construction industries. EMSTEEL incorporates the latest innovative technologies in manufacturing, efficiency, and sustainability to deliver high-quality products, services, and solutions. The company plays a leading role in implementing the UAE Industrial Strategy Operation 300bn and is committed to advancing national value creation while embedding advanced technologies and scaling low-carbon steelmaking. EMSTEEL has established an ambitious decarbonization strategy targeting a 40 percent reduction in absolute greenhouse gas emissions in its Steel Business Unit and 30 percent in its Cement Business Unit by 2030 from a ...Read More