Latest news with #worldsteel
Yahoo
23-06-2025
- Business
- Yahoo
Key Players and Production Trends in the Steel Industry
Via Metal Miner According to the World Steel Association (worldsteel), one of the leading providers of steel market information, the China Baowu Group was the largest steelmaker group in 2024, with production remaining stable on the year. In its June 5 report, titled '2025 World Steel in Figures,' worldsteel stated that the Shanghai-headquartered company poured just over 130 million metric tons in 2024, compared with almost 131 million tons in 2023. The report focused specifically on companies producing over 3 million metric tons to determine a ranking of global steel market leaders. ArcelorMittal was 2024's second-largest producer, even though its volumes were half that of China Baowu. Altogether, ArcelorMittal poured 65 million metric tons, down 5.13% from more than 68.5 million metric tons in 2023. That volume also includes the Mumbai-headquartered AM/NS India joint venture between Arcelor Mittal and Nippon Steel, in which ArcelorMittal holds a 60% stake. Meanwhile, the firm also has steelmaking assets in Europe, the Americas and Africa. Nippon Steel's 2024 volumes also remained stable year on year at 43 million metric tons, allowing the company to retain its fourth-place position in the global steel market. Also adding to the Tokyo-headquartered group's total crude production was Nippon Steel Stainless Steel Corporation, Sanyo Special Steel, Ovako, a 40% stake in AM/NS India and a 22% stake in Brazilian steelmaking group Usiminas. Meanwhile, South Korea's Posco Holdings slipped to seventh place from eighth after pouring 37.8 million metric tons in 2024, a 1.7% decline from 38.4 million metric tons in 2023. Worldsteel noted that Hyundai Steel rose to 21st place from 18th, though its crude production fell 4.57% to 18.4 million metric tons from 19.2 million metric tons. Dongkuk Steel, which has its headquarters in the South Korean capital of Seoul, fell to 102nd place from 97th. Overall, its crude production dropped 16.2% to an estimated 3.1 million metric tons. In Southeast Asia, Vietnam's Hoa Phat Steel rose to 49th place from 62nd. That firm's steel production rose 30% to 8.71 million metric tons from 6.71 million metric tons. On the subcontinent, India's Tata Steel managed to maintain its 10th place spot amongst producers thanks to a 5.15% increase in production. This put the firm's 2024 output at 31 million metric tons from 29.5 million metric tons. Tata's compatriot JSW Steel, which has its headquarters in Mumbai, saw a 3.05% year-on-year increase to 26.9 million metric tons from 26.2 million metric tons, allowing it to retain its spot at number 12. In Europe, Thyssen Krupp Steel, Germany's largest standalone steelmaker, maintained 42nd place. Worldsteel reports that the firm produced 10.3 million metric tons of crude in 2024, down less than 1% from about 10.4 million tons in 2023. Salzgitter Group, which is located in Lower Saxony, rose to 61st place from 69th. That company reported a 12% increase in its crude production from 5.71 to 6.39 million metric tons. Germany is Europe's largest steelmaking nation. In total, the country poured 37.2 million metric tons in 2024, a 5.2% increase from the 35.4 million metric tons poured in the previous year. Even with the war still raging, Ukrainian metals and mining group Metinvest moved up 18 spots to 92nd place. The total amount of crude steel poured from its operating sites rose 8.58% to 3.54 from 3.26 million metric tons. In Turkey, Tosyali Holding rose 21 places to become the 46th largest producer. Its 2024 steel production was almost 55% higher than the year beforeat 9.12 million metric tons. Meanwhile, Erdemir Group rose to 50th place from 55th. That firm's crude production rose 18.94% to 8.54 million metric tons from 7.18 million metric tons. Further south, Egypt's Ezz Steel sealed its place as Africa's largest steelmaker with a 3.4% increase to 6.38 million metric tons from 6.17 million metric tons. In terms of the global steel market, the longs and flats producer also saw its ranking move up two places to 62nd. In the United States, flagship steelmaker US Steel rose five places in the rankings, settling at 29th. Despite this, the Pittsburgh-headquartered company saw its crude production fall almost 10% to 14.2 million metric tons from 15.8 million metric tons. Nucor actually produced the most steel in the United States at 20.7 million metric tons. Worldsteel noted that this allowed the company to ascend a single spot, from 16th to 15th. Nevertheless, the firm's output saw a 2.35% drop. Cleveland Cliffs moved from 23rd to 22nd, pouring an estimated 16.4 million metric tons. That firm's total volume dropped 5.03% from 2023's 17.3 million metric tons. Meanwhile, Argentina's Techint took the top spot in South America, producing 14.2 million metric tons. This represented a decline of 3.57% from 14.8 million metric tons, but the firm managed to retain its place at 28th. Brazilian steelmaker Gerdau gained two places to 33rd, with output remaining basically unchanged at 12.7 million metric tons. Brazil is traditionally considered South America's largest steelmaking nation. Worldsteel reported that the country produced 33.7 million metric tons of steel in 2024, an increase of 5.3% year on year. By Christopher Rivituso More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hi Dubai
09-04-2025
- Business
- Hi Dubai
EMSTEEL Named 2025 Steel Sustainability Champion for Second Consecutive Year
EMSTEEL has been honoured as a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), marking its second consecutive win in the Middle East and North African region. The prestigious accolade, presented at the worldsteel Special General Meeting in Sydney, Australia, is part of the Steelie Awards, recognising companies that show exceptional commitment to sustainable practices in the steel industry. The recognition highlights EMSTEEL's continued efforts in sustainability, particularly in 2024, where the company made notable strides in reducing its Scope 1 and Scope 2 emissions intensity by 23%. By the end of 2023, EMSTEEL's total Scope 1 and Scope 2 emissions had reached 4.5 million tonnes of CO₂, underscoring the company's significant progress toward achieving net-zero emissions. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, expressed pride in the achievement, stating, 'Being named a worldsteel Sustainability Champion is a true honour and a reflection of the dedication and hard work of everyone at EMSTEEL. It reinforces our commitment to driving the transition towards a low-carbon future, not just for the steel industry, but for the entire global industrial landscape.' He further emphasized EMSTEEL's pioneering role in decarbonising the sector, noting, 'As the first steelmaker in the world to capture part of its CO₂ emissions, we operate with 45% less carbon intensity than the global average and are excited to continue our efforts in decarbonising this hard-to-abate sector and its downstream supply chain.' This recognition solidifies EMSTEEL's leadership in sustainability and its ongoing efforts to pave the way for a greener future in steel manufacturing. News Source: Emirates News Agency
Al Etihad
09-04-2025
- Business
- Al Etihad
EMSTEEL recognised as ‘worldsteel Sustainability Champion' for 2nd consecutive year
9 Apr 2025 11:57 ABU DHABI (WAM) EMSTEEL has announced its recognition as a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), cementing the Group's position as the sole receiver of the prestigious accolade in the Middle East and North African region for the second consecutive recognition was presented during the worldsteel Special General Meeting held in Sydney, Australia. Now in its eighth year, the Steel Sustainability Champion accolade—part of The Steelie Awards—honours companies demonstrating exceptional commitment to sustainable development in the global steel Group was recognised for its significant efforts to enhance sustainability practices throughout company has made substantial progress, reducing its Scope 1 and Scope 2 emissions intensity by 23 percent. As of 2023, EMSTEEL's total Scope 1 and Scope 2 emissions stood at 4.5 million tonnes of CO₂, marking a significant step forward in its journey toward Ghumran Al Remeithi, Group CEO of EMSTEEL, said, 'Being named a worldsteel Sustainability Champion is a true honour and a reflection of the dedication and hard work of everyone at EMSTEEL. It reinforces our commitment to driving the transition towards a low-carbon future, not just for the steel industry, but for the entire global industrial landscape.' He added, 'As the first steelmaker in the world to capture part of its CO₂ emissions, we have been able to operate with 45 percent less carbon intensity than the global average and are excited to continue playing a cataclysmic role in decarbonising this hard-to-abate sector and the downstream supply chain.'
Zawya
09-04-2025
- Business
- Zawya
EMSTEEL recognised as 2025 ‘worldsteel sustainability champion' for second consecutive year
Abu Dhabi, United Arab Emirates: EMSTEEL (ADX: EMSTEEL) ('the Group'), one of the largest publicly traded steel and building materials manufacturers in the region, has announced its recognition as a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), cementing the Group's position as the sole receiver of the prestigious accolade in the Middle East and North African region for a second consecutive year. The recognition was presented during the worldsteel Special General Meeting held in Sydney, Australia. Now in its eighth year, the Steel Sustainability Champion accolade—part of The Steelie Awards—honours companies demonstrating exceptional commitment to sustainable development in the global steel industry. The recognition is a direct result of the significant strides EMSTEEL made throughout 2024 in enhancing sustainability. A groundbreaking initiative that stood out was the company's partnership with Masdar to launch the MENA region's first green hydrogen demonstration project for the steel industry, positioning EMSTEEL as a leader in the UAE's hydrogen economy and a driving force for providing sustainable solutions for the construction and manufacturing sectors. Beyond its national initiatives, EMSTEEL is also making a significant global impact. As a co-chair of the Alliance for Industry Decarbonisation, an initiative led by the International Renewable Energy Agency, EMSTEEL is working alongside 84 partners to set joint decarbonisation targets including tripling renewable energy production and reducing greenhouse gas emissions by 54% by 2030. As part of its ambitious decarbonisation roadmap, EMSTEEL aims to reduce its greenhouse gas emissions by 40% in its Steel Business Unit and 30% in its Cement Business by 2030, with the ultimate goal of achieving net-zero emissions by 2050. The company has already made substantial progress, having reduced its Scope 1 and Scope 2 emissions intensity by 23%. As of 2023, EMSTEEL's total Scope 1 and Scope 2 emissions stood at 4.5 million tonnes of CO₂, marking a significant step forward in its journey toward net-zero. Engineer Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: 'Being named a worldsteel Sustainability Champion is a true honour and a reflection of the dedication and hard work of everyone at EMSTEEL. It reinforces our commitment to driving the transition towards a low-carbon future, not just for the steel industry, but for the entire global industrial landscape. With a continued focus on innovation, efficiency, and environmental stewardship, we will build a cleaner, more sustainable tomorrow.' He added: 'As the first steelmaker in the world to capture part of its CO₂ emissions, we have been able to operate with 45% less carbon intensity than the global average and are excited to continue playing a cataclysmic role in decarbonising this hard-to-abate sector and the downstream supply chain.' The Steel Sustainability Champions Programme, administered by worldsteel, recognises companies that fulfil stringent criteria, including signing the worldsteel Sustainability Charter, meeting 20 sustainability criteria, providing Life Cycle Inventory (LCI) data, and participating in worldsteel's initiatives such as the Steelie Awards or the Safety and Health Recognition Programme. About EMSTEEL EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE's largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors. EMSTEEL is committed to contributing to the UAE's industrial strategy 'Operation 300 billion' by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is a global leader in low-carbon steel production and is aligned with the UAE's Net Zero by 2050 Strategic Initiative. Headquartered in Abu Dhabi, EMSTEEL operates 16 state-of-the-art plants, with a production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement annually, fueling the nation's most iconic projects. EMSTEEL is majority owned by ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.
