EMSTEEL Group announced three major agreements at Fastmarkets’ Middle East Iron & Steel Conference 2025, reinforcing its strategy to expand downstream capabilities and strengthen long-term industrial competitiveness.
The first agreement, valued at around USD 37 mln, covers the installation of a new wire rod outlet and mill upgrades at EMSTEEL’s Abu Dhabi plant as part of its Asset Enhancement Programme, enabling the company to expand into higher-grade products.
A second agreement with Bekaert focuses on advancing low-CO2 wire rod development, supporting joint work in research, grade innovation and downstream market growth.
The third agreement, signed with the Suez Canal Investment Company (SCCI), will supply sheet pile products for major infrastructure projects across the Suez Canal Zone.
The announcements were made as EMSTEEL CEO Eng. Saeed Ghumran Al Remeithi delivered the opening keynote, calling for coordinated regional action to boost competitiveness, counter unfair trade practices and accelerate decarbonisation across the steel value chain. He noted that despite strong domestic demand growth, particularly in rebar, global oversupply and rising imports continue to challenge regional producers.
MEsteel is the official media partner of Middle East Iron & Steel 2025.
Headquartered in Abu Dhabi, EMSTEEL has a production capacity of 3.5 mln tons of steel and 4.6 mln tons of cement annually. The group exports to over 70 markets, accounting for 30pct of its sales. The company offers a diverse range of steel products, including wire rod, rebar, heavy sections, and sheet piles.
