10,871.08 TRY BIST 100 BIST 100
48.75 EUR EUR EUR
41.97 USD USD USD
5.93 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
550.00 TRY Interest Interest
64.62 USD Fossil Oil Fossil Oil
64.46 USD Silver Silver
5.17 USD Copper Copper
107.59 USD Iron Ore Iron Ore
344.00 USD Shipbreaking Scrap Shipbreaking Scrap
5,334.68 TRY Gold (gr) Gold (gr)

UAE and Japanese companies plan to build low-carbon steelmaking plant

UAE and Japan-based companies will build a complex to produce low-carbon steel.

UAE and Japanese companies plan to build low-carbon steelmaking plant

Abu Dhabi Ports (ADP) signed a preliminary agreement with Emirates Steel (ESI), Japan's JFE Steel, and ITOCHU Corporation to build a steelmaking complex composed of pellet plants, direct-reduction plants, smelter furnaces, and other related infrastructure in Abu Dhabi, for a low-carbon supply chain of steelmaking raw materials

ESI will use natural gas to reduce high grade iron ore supplied by ITOCHU directly to ferrous materials for steelmaking. The material produced will be supplied to JFE Steel and other steel mills.

The project in question is planned to start ferrous material production in the second half of April 2025 - March 26.

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

Oman and Meranti strengthen cooperation on green iron project in Duqm

Friday, October 31, 2025

The Customs Authority and Qatar Steel signed a Memorandum of Understanding to regulate the export of scrap iron

Friday, October 31, 2025

UK steelmakers face two-year delay to GBP 14.5 million energy savings

Friday, October 31, 2025

Fresnillo to acquire Canada-based Probe Gold for USD 560 million

Friday, October 31, 2025

Acerinox reports a profit of EUR 25 million and cash generation of EUR 152 million in the third quarter

Friday, October 31, 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