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Emirates Steel: supporting the UAE’s ‘Make it in the Emirates’ efforts

Emirates Steel: supporting the UAE’s ‘Make it in the Emirates’ efforts



Emirates Steel supports downstream industries

The leading steel manufacturer said it provides the downstream industries sector with 90 per cent of its needs from wire rod and heavy sections

01 October 2021

Emirates Steel, the leading integrated steel manufacturer in the Middle East, said that it strives to maximise its contribution to the UAE’s downstream industries.

The company provides this vital sector with 90 per cent of its needs from high-quality and value-added wire rods and heavy sections products. This is part of its effort to support and promote the UAE’s Unified Industrial Brand Identity under the slogan ‘Make it in the Emirates’, aiming to enhance the competitiveness of national products.

The company harnesses its full potential to provide the products necessary to advance the industrial development, in line with the objectives of the National Strategy for Industry and Advanced Technology “Operation 300bn”, which aims to increase the contribution of the industrial sector to the country's GDP from AED 133 billion to AED 300 billion by 2031.

Emirates Steel’s new plant is set to boost its production capacity to over 5 mt per annum

Emirates Steel’s new plant is set to boost its production capacity to over 5 mt per annum

The company supplies its wire rod products to many customers in the UAE, including Classic Metallic Sheet Factory, which converts this product into anchor bolts, stud bolts, hex bolts, drywall screws and nuts, etc. Also, Al Khaleej Steel Industries utilises our products to make the galvanised wire used for various applications such as cable armoring, fencing, farming applications, and high tensile wire. KHK Scaffolding and Formwork Ltd is using our wire rod to produce building wire mesh, protection netting, fencing nets, barbecue wire nets and cages, and various scaffolding systems, in addition to many other companies that convert our product to value-added products that are exported under the slogan ‘Made in the Emirates’ to the whole world.

“The UAE’s downstream industries sector abounds with huge investment opportunities, and we expect this vital sector to witness a major boom in the near future, with the national efforts it is witnessing to advance and enhance its role as a driving force for UAE’s sustainable economic development.

In this sense, we are keen to provide high-quality steel products, and innovate products with special specifications and grades. This helps our local factories produce high-quality national commodities. Our value-added products are used as raw materials in many industries and sectors such as automotive, machinery and equipment, construction, transportation and energy, among wothers,” said Saeed Ghumran Al Remeithi, CEO, Emirates Steel.

“Coronavirus pandemic has reaffirmed the importance of the UAE’s downstream industries in protecting the nation’s economy, providing local food and health needs, and even supplying raw materials considering the disruption of some global supply chains due to the pandemic,” added Al Remeithi.

Over the last two decades, Emirates Steel gained its solid regional and global reputation in the integrated steel manufacturing, by providing the best-in-class products to its customers in more than 40 countries around the world, in line with its vision to be among the top global steel producers.

 

Rebar prices slashed

The leading steel manufacturer recently announced a major reduction in its rebar prices (8-32 mm) by AED346 ($94)/tonne for September delivery thus taking the final costs to AED2,610 compared to AED2,956 for August delivery.

This is mainly to support the construction sector and maintain the balance across the local market, keeping the prices of rebar in the UAE among the lowest regionally and globally, said senior company officials on the sidelines of the The Big 5, the region’s largest construction industry’s event, which was  held last month in Dubai.

During the event, the company discussed customers’ new requirements and needs in terms of products, services, and engineering solutions. Al Remeithi emphasised the company’s role in supporting the UAE’s economic diversification and promoting its sustainable economic model based on knowledge and innovation.

 

TCE wins plant work

Earlier, it awarded a ‘general designer’ contract to Tata Consulting Engineers, Abu Dhabi, for its new fully automated first-of-its-kind hot rolled coils (HRC) plant in the Mena region.  The agreement, which lasts for 10 months, involves a comprehensive evaluation and study for all phases of the project.

Based in Abu Dhabi, Emirates Steel, through Senaat, is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of the UAE capital's diversified economy.

As per the deal, Tata Consulting Engineers will analyse all phases of the project, discuss logistics and environmental issues, define the state-of-the-art technical and solutions, and determine budgets and business cases, among others.

“At Emirates Steel, we have a clear vision to move from good to great. A major developmental project, such as our new flat steel plant, necessitates having an accurate and intense study for all aspects of the project,” remarked Al Remeithi.

“This is extremely important for our growth plans which aim to promote our position as a leading integrated steel manufacturer across the Mena region and drive our vision to be among the top global steel producers,” he added.

Emirates Steel had recently announced its plans to build a new flat steel products plant, thus expanding its wide-range high-quality products portfolio. Upon completion, the new plant is set to boost Emirates Steel’s production capacity to exceed 5 million tonnes per annum. Also, the new facility will have the lowest carbon footprint in the region, stated Al Remeithi.

“This collaboration with the consultant reflects our keenness to adopt world-class practices and standards. This endorses our decision-making process that is based on data, specialised studies, and the latest technologies,” he added.

Established in 1998, Emirates Steel boasts leverages cutting-edge rolling mill technology, and supplies the domestic and international markets with high quality finished products including wire rods, rebars, heavy sections and sheet piles.

Emirates Steel is the first steelmaker in the world to capture its CO2 emissions, with the possible exception of some North American manufacturers. The company plays an enabling role in building the UAE’s future and contributes to achieving the Abu Dhabi Economic Vision 2030 and UAE Centennial 2071 through its delivery of market-leading products to local industries and provision of career opportunities for talented UAE nationals.  




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