Arabian Gulf Steel Industries (AGSI) poised for surge in scrap intake, doubling capacity by early 2025

Arabian Gulf Steel Industries (AGSI) is set to revolutionize the UAE's steel industry by doubling its monthly scrap consumption, reaching 60,000 tonnes by early 2025. This ambitious initiative, part of AGSI's broader strategy, aligns with the UAE's economic goals, emphasizing diversification and sustainability. Additionally, AGSI plans to establish a new meltshop, aiming to consume an impressive 100,000 tonnes of scrap per month by late 2022 or early 2025. As the largest scrap buyer in the UAE, AGSI's vision signifies a shift towards eco-friendly steel production, contributing to global sustainability efforts. The company's trajectory suggests a promising future for the UAE's position in the global steel market, fostering economic growth, environmental responsibility, and technological advancements.