Egyptian steel producer Elmarakby Steel has positioned itself for enhanced competitiveness in European Union markets by voluntarily reporting carbon emissions of 0.44 tons of CO2 per ton of finished steel under the EU’s Carbon Border Adjustment Mechanism for the first and second quarters of 2025, the company said Sept. 21.
“Our products’ carbon footprint was calculated at 0.44 t CO2 per ton of finished steel, including direct and indirect emissions for Q2-2025,” it said.
This achievement aligns perfectly with Elmarakbysteel’s commitment to voluntarily report its carbon emissions and footprint, accelerating its decarbonization strategy and meeting the needs of its customers in markets worldwide, the company said.
The Carbon Border Adjustment Mechanism is the EU’s tool to put a fair price on carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries.
Steel imports with lower carbon footprints will face reduced carbon adjustment charges, potentially making Egyptian steel more competitive in EU markets compared to higher-emission alternatives from other regions.
The voluntary reporting also positions Elmarakby to attract environmentally conscious customers and potentially access green financing options that are increasingly available to low-carbon industrial operations. As global steel buyers implement their own decarbonization targets, suppliers with verified low-carbon credentials are likely to command premium pricing and preferential contract terms.
Elmarakby Steel, meanwhile, recently commissioned SMS group to upgrade its minimill to increase capacity and reduce operating costs.
The upgrade will expand the company’s product portfolio and boost the production capacity of the minimill from 400,000 mt/year to 460,000 mt/year of rebar and wire rod.
Platts, part of S&P Global Commodity Insights, assessed Turkish exported rebar at $534/mt FOB Sept. 19, down $1/mt day over day.
