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The group also reported a 21% YoY increase in cement and clinker sales, reaching 1.613 million tonnes. (Image source: EMSTEEL)

Sales volumes of finished steel products rose by 24% year-on-year (YoY) to 1.616 million tonnes, driven by sustained construction activity and EMSTEEL’s solid market presence.

The group also reported a 21% YoY increase in cement and clinker sales, reaching 1.613 million tonnes.

Improved capacity utilisation allowed EMSTEEL to fully convert semi-finished products into finished goods to meet rising customer demand.

Despite a 4% YoY drop in average steel prices and a strategic decision to scale back sales of semi-finished products, EMSTEEL posted revenues of AED 4.3 billion for the period, up 9% compared to the first half of 2024.

EBITDA rose by 6% to AED 540 million, yielding a margin of 12.6%, only slightly lower than the 12.8% recorded in H1 2024. Margin pressure from lower steel prices was partially offset by improved production costs, enhanced plant utilisation, and ongoing operational optimisation.

Profit after tax reached AED 188 million, compared to AED 174 million during the same period last year.

The Emirates Steel division generated AED 3.9 billion in revenue and AED 449 million in EBITDA, while the Emirates Cement division recorded AED 428 million in revenue and AED 91 million in EBITDA.

Within this division, the Pipes & Other segment (which is currently in divestment) contributed AED 90 million in revenue and is classified as Assets Held for Sale.

As of 30 June 2025, EMSTEEL maintained a strong net cash position of AED 372 million, up from AED 337 million at the end of 2024.

For Q2 2025 alone, revenue increased by 18% and EBITDA by 27% YoY, benefitting from the same drivers as H1 and a favourable comparison to Q2 2024, when operations were disrupted by severe weather.

EMSTEEL also made progress on its strategic initiatives. It received a provisional “AA” ESG rating from MSCI, highlighting strong carbon reduction practices and workforce safety.

The company signed a partnership with Magsort to produce decarbonised cement using steel slag and introduced its first Green Finance Framework to support future low-carbon projects in steel and cement.

Saeed Ghumran Al Remeithi, group CEO of EMSTEEL, said, “Our strong H1 2025 performance underscores the resilience and adaptability of EMSTEEL in an evolving global market. The 9% growth in revenue and continued EBITDA strength reflect our strategic focus on value-added products, operational efficiency, and domestic market leadership. We are proud of our team’s ability to convert industry headwinds into opportunities for growth and innovation.”

He added, “As we advance our decarbonisation journey, the launch of our Green Finance Framework and our strategic partnership with Magsort mark important milestones in building a more sustainable, circular steel and cement ecosystem. With a solid financial foundation, strong ESG credentials, and a clear long-term vision, EMSTEEL remains well-positioned to deliver sustainable value to all stakeholders.”

The event brought together more than 200 attendees. (Image source: DEWALT)

DEWALT recently hosted its first 2025 Innovation Day in Dubai, marking a significant milestone in its mission to drive construction industry transformation through cutting-edge tools and technology.

The event brought together more than 200 attendees, including end users, dealers, and key partners, for an exclusive preview of DEWALT’s latest professional-grade solutions.

The showcase featured over 100 advanced products, including the DEWALT POWERSHIFT Cordless Equipment System, cordless tools for mechanical, electrical, and plumbing (MEP) applications, and a wide range of woodworking solutions.

With interactive zones and live demonstrations throughout the venue, attendees were given a hands-on opportunity to explore the brand’s versatile offerings and experience the performance benefits in real-time.

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A highlight of the event was the DEWALT Service Container Project, which demonstrated how the company’s value-added services enhance productivity, improve runtime, and deliver consistent reliability across demanding jobsites.

Innovation Day also served as a platform for DEWALT to strengthen ties with its distributor network and engage directly with the professionals who rely on its tools.

By gathering valuable feedback from users and partners, DEWALT reaffirmed its role as a forward-thinking industry leader committed to continuous improvement and customer-driven innovation.

Speaking at the event, Parmesh Venkateswaran, general manager, Stanley Black & Decker, ME & EWA said, “By bringing together our partners and end users in an innovative event, DEWALT is promoting conversations about the needs of the industry and helping to bolster development of innovative tools for the trades.”

Also read: SMS group to modernise automation at cold rolling mill

The construction and industrial equipment sectors are also emerging as strong markets for green steel

The steel industry is at a critical turning point as it attempts to shift away from carbon-intensive processes toward more sustainable methods.

Central to this transition is the emergence of green steel, produced using hydrogen-based direct reduced iron (H2-DRI) and electric arc furnaces powered by renewable energy.

However, while the technologies are becoming increasingly viable, the financial and operational risks remain high.

A new report by IDTechEx, Green Steel 2025-2035, emphasises that demand-side commitment is just as vital as technological readiness.

Long-term offtake agreements are proving to be essential in de-risking projects and securing the funding needed to bring green steel production to life.

Companies such as Stegra (H2 Green Steel) have raised more than €6.5bn (US$7.1bn) by locking in advance purchase deals with major clients like Mercedes-Benz, BMW, and Kingspan, well before production begins.

This level of early buy-in allows green steel projects to move forward with confidence and scale.

Regulatory frameworks are also playing a key role. The European Union’s Emissions Trading System (EU ETS) and the Carbon Border Adjustment Mechanism (CBAM) are reshaping the economics of steel production, making low-carbon alternatives more competitive.

Automotive leads

Moreover, global climate targets and Scope 3 emissions goals are pushing companies to decarbonise their supply chains, with the automotive sector leading the way.

"European OEMs, as well as Tier 1 and 2 suppliers, are actively procuring green steel," IDTechEx said.

"For example, the Swedish startup Stegra (H2 Green Steel) has successfully secured offtake agreements with a roster of automotive leaders including Mercedes-Benz, Porsche, Scania, and ZF. Likewise, SSAB, a pioneer with its HYBRIT fossil-free steel project, has established partnerships with the Volvo Group. Established steelmaking giants are also making significant moves – ArcelorMittal is supplying its XCarb® recycled and renewably produced steel to General Motors, signaling growing momentum for green steel in North America."

The construction and industrial equipment sectors are also emerging as strong markets for green steel. In some cases, even hyperscale data centre developers and renewable energy companies are committing to lower-emission materials to meet sustainability benchmarks.

For now, many of these companies are willing to absorb the “green premium” associated with cleaner steel, though future competitiveness will depend on wider adoption and falling production costs.

Despite this progress, significant challenges remain. Green steel producers must contend with project delays, cost overruns, limited availability of renewable electricity, and the absence of global standards for defining and certifying "green" steel. Pricing volatility is also a concern, especially when offtake agreements must be negotiated years ahead of delivery.

Looking ahead, the rise of “green iron hubs”, regions with abundant renewable energy producing hydrogen-reduced iron for export, could reshape global trade patterns.

IDTechEx predicts that hydrogen-based steel production could reach 46mn tonnes by 2035, a small fraction of global output, but a meaningful step toward net-zero industrial emissions.

Also read: EGA to boost US aluminium supply with new smelter

SMS group to modernise automation at cold rolling mill. (Image source: SMS)

thyssenkrupp Electrical Steel (tkES) has awarded SMS group a contract to upgrade the automation systems at its four-high CVC cold rolling mill in Gelsenkirchen, Germany.

Originally built by SMS in 1974, the reversing mill is dedicated to processing grain-oriented silicon steel (GO Si-Steel). The modernisation aims to enhance automation, improve safety, and integrate advanced digital technologies to maximise plant availability and efficiency.

The upgrade will be carried out in two phases, with completion scheduled for 2027. Central to the project is the replacement of the existing X-Pact electrical and automation systems with the latest generation of automation technologies.

These include the X-Pact Embedded controller, high-speed EtherCAT I/O systems, and new ergonomic control pulpits.

A virtualised IT infrastructure will also be introduced to improve lifecycle management and reduce dependence on specific hardware or operating systems.

The automation package features level 1 and model-based level 2 systems specifically tailored for GO Si-Steel production, supported by the X-Pact Vision human-machine interface. 

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SMS’s integrated safety concept for mechanical, electrical, and automation systems: safe plant access with a key transfer system

This intuitive HMI enables efficient operator guidance and provides tools for system diagnostics, maintenance, and troubleshooting. A master controller will oversee the rolling process and coordinate data flow across all automation levels, including safety systems.

In preparation for the upgrade, tkES and SMS conducted thorough on-site assessments and jointly developed a comprehensive safety concept.

The resulting measures are designed to improve occupational safety during both operation and maintenance activities.

An optimised performance

To ensure seamless commissioning, SMS will conduct its X-Pact Plug & Work integration test, combining the original hardware and software with the new systems in a simulated test environment.

Leveraging a digital twin of the mill, this approach allows final optimisations to be made before installation, reducing both time and costs associated with commissioning and documentation.

Independent safety control functions will also be fully tested during this phase.

The project builds on a long-standing collaboration between tkES and SMS, including successful revamps of the cold rolling mill in 2000 and 2011.

Through ongoing X-Pact Service contracts, the mill has continued to operate at a stable and optimised performance level, supported by SMS’s technical expertise and tkES’s operational insights.

Beyond enhancing automation and safety, the project supports tkES’s long-term commitment to the efficient production of high-quality electrical steel.

The company’s grain-oriented silicon steel, containing 3.1% to 3.5% silicon, plays a crucial role in global energy transmission and distribution networks by enabling minimal energy losses and greater sustainability.

Philipp Geisler, solutions flat products at SMS, said, “Our process knowledge and integrated solutions in design, research and development, and automation, make us the ideal partner for tkES’s modernization goals. Together, we develop tailored solutions for electrical steel production to boost the availability and safety of the reversing cold rolling mill for years to come.”

Also read: SMS group and Ansteel partner to drive green steel innovation

The EPDs were independently verified. (Image source: OCI)

In a move that underscores its sustainability leadership in the region, Oman Cables Industry (OCI) has achieved Environmental Product Declarations (EPDs) for its main cable families.

This milestone reinforces OCI’s role as both a regional leader in sustainable practices and a provider of comprehensive infrastructure solutions.

The EPD certifications offer a significant advantage to OCI’s customers by helping them meet rising demands for environmental transparency and carbon accountability across sectors such as construction, utilities, and infrastructure.

With these certifications in place, OCI enables stakeholders to build more responsibly, drive sustainable innovation, and stay ahead in an increasingly climate-conscious market.

The EPDs were independently verified and published by EPD Norge, developed in accordance with cable-specific Product Category Rules (PCRs).

Investing in ESG frameworks

These declarations present a rigorous, science-based account of each product’s environmental footprint, covering its entire lifecycle from raw material extraction to disposal.

As sustainability and carbon reporting become increasingly important for procurement decisions, regulatory compliance, and access to green financing, verified EPDs are proving essential.

They also support adherence to internationally recognised green building certification systems such as LEED and Estidama, as well as aligning with broader ESG investment frameworks.

OCI's EPD-backed products help customers achieve environmental standards and demonstrate climate action, whether for government infrastructure or private projects. This result enhances OCI's eligibility for worldwide and regional green tenders, and supports Oman's economic transformation under Vision 2040.

“At OCI, sustainability is not a campaign, it’s a core business principle,” said Erkan Aydogdu, CEO of Oman Cables Industry. “Securing EPD certification reflects our continued commitment to operational transparency, responsible growth, and long-term stakeholder value. We’re committed to empowering our customers and partners with the data they need to compete in tomorrow’s markets. And this is just the beginning more EPD certifications are underway.” 

OCI’s verified EPDs are publicly accessible through the EPD Norge website.

“We’re not just manufacturing cables, we’re enabling the next generation of infrastructure with purpose, performance, and accountability,” Aydogdu added.

Also read: OCI shares financial results; announces new board members

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