The company is positioning itself to increase its competitiveness in the EU market
Egyptian steel producer Elmarakby Steel is seeking to increase its competitiveness in EU markets by voluntarily reporting carbon emissions of 0.44 tons of CO2 per ton of finished steel under CBAM for the first and second quarters of 2025. This was reported by S&P Global.
“The carbon footprint of our products was calculated at 0.44 tons of CO2 per ton of rolled steel, including direct and indirect emissions for the second quarter of 2025,” Elmarakby Steel said in a statement.
The company has committed to voluntarily reporting its carbon emissions and carbon footprint, accelerating its own decarbonization strategy and meeting the needs of customers in markets around the world.
Voluntary reporting also gives Elmarakby the opportunity to attract environmentally conscious buyers and potentially gain access to green financing options. In addition, the agency notes that suppliers with proven low-carbon credentials are likely to be able to demand premium prices and favorable contract terms.
At the same time, Elmarakby recently commissioned SMS group to modernize its mini-mill to increase long product capacity from 400,000 tons per year to 460,000 tons per year and reduce operating costs. This move will expand the company’s product portfolio.
Egypt has taken two strategic steps to strengthen its steel industry. In May this year, the second phase of Suez Steel’s production facilities was officially opened, including an enrichment plant and an agglomeration plant, as well as a heavy section, rail and sheet pile mill – the first of its kind in the country.
At the same time, the Chinese group Xinfeng began construction of a large-scale industrial park in the Suez Canal economic zone in Ain Sokhna. Investments in the project amount to $1.65 billion. In the first phase, four production facilities will be created, including for auto parts, household appliances, and hot-rolled steel.
