UAE’s leading steel maker Emirates Steel Arkan is partnering with ITOCHU & JFE Steel to consider the construction of a steel plant in Abu Dhabi that would become an integral part of a global low carbon emission iron supply chain. They will work together to carry out feasibility studies on the creation of a ferrous raw material steel hub at a project site in Abu Dhabi to meet the growing demand for green steel. As part of the initial plan, high grade iron ore will be imported into Abu Dhabi for the production of the ferrous raw material, which is currently expected to begin in the second half of 2025 and will be supplied to customers primarily operating in Asia, including JFE Steel. Ferrous raw material would initially be produced through an enhanced decarbonized process using natural gas to reduce the iron ore. The project also makes provisions for the adoption of renewable energy power sources, as well as green hydrogen for the reduction process.