Emsteel
 | |
| Type | Public |
|---|---|
| ADX: EMSTEEL | |
| Industry | Steel Building materials |
| Founded | 2005 (as Arkan Building Materials) 2021 (as merged entity) |
| Headquarters | , |
Area served | Worldwide |
| Key people | Saeed Ghumran Al Remeithi (Group CEO) |
| Products | Rebar Wire rod Heavy sections Cement Clinker Concrete blocks Pipes |
| Owner | ADQ (87.5%) |
| Website | emsteel |
EMSTEEL (legally EMSTEEL PJSC) is an Emirati industrial steel and building materials company headquartered in Abu Dhabi. It is a publicly listed public joint stock company on the Abu Dhabi Securities Exchange and is majority-owned by ADQ, the Abu Dhabi government's holding company, through its industrial subsidiary Senaat.[1][2]
History
Emsteel was formed through the merger of two Abu Dhabi-based companies: Emirates Steel Industries, established in 1998, and Arkan Building Materials, founded in 2005.[3][4]
In May 2021, Senaat, then a subsidiary of ADQ, submitted an offer to combine its wholly-owned subsidiary Emirates Steel with Arkan Building Materials.[5][6] Under the terms of the deal, Arkan issued a convertible instrument that converted into approximately 5.1 billion shares at AED 0.798 per share, leaving Senaat with 87.5% of the combined entity.[7] Following a shareholder vote on August 9, 2021, and the receipt of regulatory approvals, it was merged under the interim name Emirates Steel Arkan.[8][9]
In September 2024, the group was renamed as EMSTEEL.[10][11] Later that month, EMSTEEL was appointed as Co-Chair of the Alliance for Industry Decarbonisation (AFID), led by the International Renewable Energy Agency (IRENA), alongside Siemens Energy, replacing Tata Steel within the alliance leadership role.[12] In October 2024, EMSTEEL announced the completion of a green hydrogen pilot project, developed with Masdar, to produce green steel.[13]
Operations
EMSTEEL operates 16 plants with an annual production capacity of approximately 3.5 million tonnes of steel and 4.6 million tonnes of cement.[10]
It operates through two primary divisions: Emirates Steel and Emirates Cement.[10][14] The Emirates Steel division runs a steel complex in Abu Dhabi which uses a carbon capture system. Its main products include reinforcing bar (rebar), wire rods, and heavy sections. The Emirates Cement division includes subsidiaries such as the Al Ain Cement Factory, Emirates Blocks, and Anabeeb, which manufacture cement, clinker, concrete blocks, and pipes.[10]
References
- ↑ Kumar, Himendra Mohan (September 15, 2018). "Emirates Steel raises $1.1b in project finance". Gulf News.
- ↑ Gnana, Jennifer. "Emirates Steel demand drops as trade war hurts global metals sector". The National.
- ↑ Salian, Neesha (September 5, 2024). "Emirates Steel Arkan eyes global growth, rebrands as EMSTEEL". Gulf Business.
- ↑ "Emsteel". agbi.com. Retrieved 5 November 2025.
- ↑ "ADQ-backed Senaat seeks merger between Arkan and Emirates Steel". reuters.com. 9 May 2021. Retrieved 5 November 2025.
- ↑ Valecha, Vijay (November 13, 2022). "Abu Dhabi's Emirates Steel Arkan makes full use of 2021's merger dynamics". Gulf News.
- ↑ "Arkan board approves merger with ADQ's Emirates Steel". Arab News. June 24, 2021.
- ↑ "Arkan-Emirates Steel merger creates Dh13b steel, building materials giant". Khaleej Times.
- ↑ "Arkan and Emirates Steel merge to create UAE's largest steel and building materials company". Gulf Business. October 6, 2021.
- 1 2 3 4 Salian, Neesha (September 5, 2024). "Emirates Steel Arkan eyes global growth, rebrands as EMSTEEL".
- ↑ Nair, Deepthi. "Arkan Group rebrands to Emirates Steel Arkan after 2021 merger". The National.
- ↑ "EMSTEEL Group to co-chair IRENA's Decarbonisation Alliance". September 30, 2024.
- ↑ "Project highlight: EMSTEEL's green steel pilot - The Energy Year". February 14, 2025.
- ↑ "EMSTEEL Advances UAE Industrial Goals". oilandgasmiddleeast.com. 9 May 2021. Retrieved 5 November 2025.