10,025.05 TRY BIST 100 BIST 100
35.60 USD USD USD
36.98 EUR EUR EUR
4.92 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
38.60 TRY Interest Interest
79.77 USD Fossil Oil Fossil Oil
30.52 USD Silver Silver
4.28 USD Copper Copper
104.31 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,120.62 TRY Gold (gr) Gold (gr)

Arab Steel Industry Takes Significant Steps in Carbon Neutrality and Sustainability

The Arab steel industry is taking significant steps toward achieving sustainability and carbon neutrality goals.

Arab Steel Industry Takes Significant Steps in Carbon Neutrality and Sustainability

The Arab steel industry is taking significant steps toward achieving sustainability and carbon neutrality goals. In the World Steel Association's 2023 sustainability report, companies like ElMarakby Steel, EMSteel, and EZZ Steel stand out, with 99% of Arab steel production utilizing environmentally friendly technologies. EMSteel's project to produce "Green Steel" using green hydrogen has also achieved major success.

The steel industry plays a crucial role in reducing environmental pollution and transitioning to sustainable production processes. International platforms like the United Nations and the Paris Agreement have made significant decisions to reduce the carbon footprint of the steel sector, and Arab steel producers are taking steps to align with these goals.

According to the World Steel Association's report published in November 2024, companies such as ElMarakby Steel from Egypt, EMSteel from the UAE, and EZZ Steel from Egypt are among the leaders in sustainability. The Arab Iron and Steel Union highlights that 99% of steel production in the region is carried out using environmentally friendly technologies, accelerating efforts to reduce carbon emissions in the sector.

Additionally, EMSteel has made significant progress by using 84% clean electricity and, in partnership with the Masdar Group, launched a successful pilot project to produce "Green Steel" using green hydrogen. With these steps, the Arab steel sector has made considerable progress in reaching global sustainability goals.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Keyvan advocates for FATF membership to enhance financial security and international trade

Monday, January 20, 2025

Huta Czestochowa officially starts production

Tuesday, January 21, 2025

Exploration enablement program to boost Saudi mining sector

Tuesday, January 21, 2025

Challenges and future of Ukraine’s steel industry

Tuesday, January 21, 2025

European People's Party demands new regulations for the EU economy

Tuesday, January 21, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now