Emirates Steel Arkan said it is in talks with Japanese groups - Itochu and JFE Steel - for the construction of a ferrous raw material production facility in Abu Dhabi that would become an integral part of a global low carbon emission iron supply chain.
Emirates Steel Arkan, the UAE s leading steel and building materials company, said standardisation plays a key role in its strategy for diversifying revenue sources and boosting exports. This year the number of its export markets rose to more than 60.
Emirates Steel Arkan, the UAE s largest publicly-traded steel and building materials company, plans to expand into newer markets in Asia and Africa, a move which will help enhance the group s international competitiveness, said its top official.