Arabian Gulf Steel Industries

What Arabian Gulf Steel Industries does

Arabian Gulf Steel Industries LLC (AGSI) is a UAE-based steel manufacturer and recycler founded in 1995, headquartered in Dubai with its primary manufacturing facility at KEZAD (ICAD II) in Abu Dhabi. The company produces Net Zero Steel — including hot rolled rebar (BS 4449:2005 Grade B500B), structural steel sections (BS EN 10025), continuously cast steel billets, and square steel billets — entirely from 100% locally sourced recycled steel scrap processed through Electric Induction Furnace (EIF) technology powered by approximately 80% renewable energy. AGSI's verified carbon footprint of 0.162 tCO2e per tonne of crude steel (DNV-verified, 2024) represents a 95% reduction versus traditional blast furnace-basic oxygen furnace (BF-BOF) steelmaking, and the company was the first steel producer globally to achieve PAS 2060 carbon neutrality certification.

The company's installed rolling capacity is approximately 1.24 million tonnes per year across HRM 1, HRM 2, and the newly commissioned HRM 3 mill, with an expansion target of 5 million tonnes annually by 2030. AGSI generates revenue through volume-based steel product sales to enterprise customers in the UAE real estate, construction, and infrastructure sectors, with distribution focused on the UAE domestic market and select regional exports. Go-to-market is enterprise field sales supplemented by strategic MoU partnerships with major developers (Al Dar Properties, SEE Holding, Trojan Construction Group, Fakhruddin Properties, R.Evolution) to integrate low-carbon steel at the design stage. The company holds multiple third-party verified certifications including PAS 2060, ISO 50001, ISO 9001, DNV Factory Production Control (EU CPR), UK CARES product conformity, and an In-Country Value certificate scoring 62.61%, providing preferential access to UAE government tenders.

AGSI is privately held with no identified parent entity or external equity investors, funded primarily through sustainable debt facilities from UAE banks (Mashreq, Emirates NBD, Ajman Bank). The company operates under a leadership team headed by Founder and CEO Asam Hussain, with a workforce of 1,001-5,000 employees representing over 30 nationalities.

Name

Arabian Gulf Steel Industries

Legal name

Arabian Gulf Steel Industries LLC

Website

https://agsi.ae

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Arabian Gulf Steel Industries (AGSI) is the UAE's largest private steel producer, manufacturing Net Zero rebar, structural steel, and billets using Electric Induction Furnace technology powered by renewable energy and 100% locally recycled steel scrap for construction developers and infrastructure projects.

Ownership category

akta.pro rank

Product category

Green Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Iron and Steel Mills and Ferroalloy Manufacturing (33111), Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

akta.pro secondary industry

Construction & Demolition (C&D) Metal Recycling (Structural Steel, Rebar, Roofing, Wire) (IMAKAMAF)

Keywords

• Green steel manufacturing
• Recycled steel products
• Low-carbon rebar supply
• Structural steel fabrication
• Net-zero steelmaking

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Green Steel Products: Sale of Net Zero Steel products including rebar, structural steel sections, and steel billets. Products are sold to construction developers, contractors, and infrastructure projects in the UAE and regional markets. Revenue generated from volume-based steel product sales with verified carbon credentials commanding premium positioning.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Arabian Gulf Steel Industries manufactures and sells Net Zero Steel products, including hot rolled rebar, structural steel sections, and steel billets, using electric induction furnace technology powered by renewable energy and 100% locally sourced recycled steel scrap. The company supplies verified low-carbon steel to construction developers, contractors, and infrastructure projects across the UAE, with verified carbon footprint of 0.162 tCO2e per tonne of crude steel, the lowest in the Middle East.

Product overview

Arabian Gulf Steel Industries (AGSI) operates as a steel manufacturer and recycler producing Net Zero Steel through a fully electric route using 100% locally recycled materials. The product portfolio centers on the Net Zero Steel product line, which encompasses continuously cast steel billets, hot rolled rebar (BS 4449:2005 Grade B500B, ISO 6935-2, SASO ASTM A615), and hot rolled structural steels (BS EN 10025). Manufacturing capabilities include three rolling mills: HRM 1 (400,000 t/y, undergoing upgrade to 800,000 t/y), HRM 2 (light and medium sections, 240,000 t/y), and HRM 3 (new rebar mill, 600,000 t/y), providing combined installed rolling capacity of approximately 1.24 million tonnes per year. The company also holds DNV Factory Production Control certification under EU CPR for construction products. The integrated production chain runs from steel scrap collection through electric induction furnace melting to finished long products, all verified for carbon neutrality under PAS 2060.

Differentiator

Problem solved

Functional benefit

Products and services

• Hot Rolled Rebar Reinforcement bars manufactured to BS 4449:2005 Grade B500B standard, ranging from 10mm to 40mm diameter, for concrete reinforcement applications. Produced under AGSI's Net Zero Steel sustainability framework with verified carbon footprint of 0.162 tCO2e per tonne and full Digital Product Passport traceability via CARES Upstream Cloud integration.
• Continuously Cast Steel Billets Steel billets produced through a continuous casting process, certified under ISO 9001:2015 QMS by UKAS Management Systems. Manufactured from 100% locally sourced recycled steel scrap using Electric Induction Furnace technology, suitable for further processing into downstream steel products.
• Square Steel Billets Square steel billets for further processing, certified by UAE Ministry of Industry and Advanced Technology (MOIAT) with license to use Emirates Quality Mark. Produced from 100% recycled scrap and supplied as feedstock for downstream manufacturing operations.
• Hot Rolled Structural Steels Hot rolled structural steel products for metal and composite structures, certified under BS EN 10025 and endorsed by DNV in accordance with EU Regulation No 305/2011 (CPR). Produced via the company's HRM 2 Light and Medium Sections Mill with 240,000 tonnes per year capacity under the Net Zero Steel sustainability framework.

Quantifiable outcome

• 95% reduction in CO2 emissions compared to traditional blast furnace steelmaking
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered supporting and core.

• 9E Global Engineering ConsultantssupportingStrategic or Co-development Partner · 14 May 2026MoU focused on advancing low-carbon steel solutions through technical collaboration. Supports earlier integration of sustainability considerations into project planning and design stages with workshops on embodied carbon reduction.
• R.EvolutioncoreStrategic or Co-development Partner · 11 May 2026MoU to support integration of low-carbon steel solutions across future developments, beginning with Project EYWA WAY of Water in Dubai. Includes R&D for sustainable construction techniques and circular material recovery initiatives.
• Fakhruddin PropertiescoreStrategic or Co-development Partner · 27 April 2026Strategic MoU with AGSI as steel partner to integrate low-carbon steel across future developments, with focus on design and engineering stage integration. Also exploring closed-loop model for circular material flows.
• Sustain Labs ParissupportingStrategic or Co-development Partner · 17 October 2025Partnership at GITEX 2025 to launch AGSI Youth Microgrant for Circularity - AED 100,000 initiative providing financial capital to high school and university students to design circularity-focused community projects.
• Trojan Construction GroupcoreStrategic or Co-development Partner · 26 May 2025Strategic MoU at Make it in the Emirates 2025 to integrate AGSI's low-carbon steel into Trojan's upcoming projects, with collaboration on R&D, performance monitoring, and industry training.
• KEZADsupportingStrategic or Co-development Partner · 15 May 2025Long-standing presence within KEZAD's industrial ecosystem where coordinated infrastructure and waste management frameworks have enabled efficient scrap handling, recycling pathways, and integrated industrial operations.
• SEE HoldingcoreStrategic or Co-development Partner · 27 January 2025MoU focusing on integration of low-carbon steel in future projects, exploring circular economy practices through recycling and repurposing steel products. Also includes R&D collaboration and training programs for architects and engineers.
• Al Dar PropertiescoreStrategic or Co-development Partner · 22 January 2025MoU signed at World Future Energy Summit during Abu Dhabi Sustainability Week to integrate low-carbon steel solutions into ALDAR's sustainable construction projects, advancing Net-Zero goals and promoting circular economy practices.
• Industrial Transition Accelerator (ITA)coreStrategic or Co-development Partner · 4 September 2024Partnership to lead decarbonization effort in UAE and MENA region. AGSI selected to scale Net Zero Steel across the region with structured support from ITA under Mission Possible Partnership. AGSI participates in ITA Leadership Council co-chaired by H.E. Dr. Sultan Al Jaber.
• DNVsupportingTechnology or IntegrationThird-party verification and certification partner providing independent assurance of AGSI's GHG emissions and carbon neutrality claims under PAS 2060 standard.
• CARES (UK Certification Authority for Reinforcing Steels)supportingTechnology or IntegrationProduct certification partner for steel rebars and sections, providing certification that meets rigorous European standards for construction products. AGSI uses CARES Upstream Cloud system for digital product passport compliance.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Emirates Steel Arkan: Largest steel producer in the UAE and a direct competitor across rebar, sections, and billets in the same domestic market. Also pursuing decarbonization, making it the most direct benchmark for AGSI's green steel positioning in UAE long products.

Broad incumbents

• Tata Steel: Global integrated steelmaker with significant EAF and scrap-based operations in India and Europe, actively pursuing decarbonization. Comparable as a broad incumbent pursuing green long products in similar regulatory environments.
• Commercial Metals Company (CMC): US-based vertically integrated EAF steelmaker and metals recycler producing long products from scrap. Closely comparable to AGSI on the integration of scrap recycling with EAF rebar and sections production.
• ArcelorMittal: World's largest steelmaker with significant EAF capacity and a global decarbonization roadmap including green steel offerings. Relevant as a broad incumbent setting global benchmarks for low-carbon steel pricing and CBAM positioning.
• Steel Dynamics: Major US EAF flat and long-products steelmaker with strong sustainable-steel positioning (SDI's SBQ and recycled-content products). Comparable as a benchmark for EAF-based, lower-carbon steel economics and ESG positioning.
• Nucor Corporation: Largest EAF steel producer in North America and the global benchmark for scrap-based, low-carbon steelmaking. Highly relevant as a peer model for EAF economics, decarbonization, and circular scrap operations at scale.

Regional players

• Hadeed (Saudi Iron and Steel Company): SABIC subsidiary and one of the largest integrated steel producers in the GCC, supplying rebar and sections across Saudi Arabia. Comparable as a regional long-product competitor and a benchmark for GCC decarbonization pathways.
• Conares: UAE-based private steelmaker producing rebar, wire rod, and pipes using EAF technology from imported scrap. Closest private-sector UAE peer with comparable scrap-based EAF production and overlapping customer base.
• Al Ittefaq Steel Products Company (ISPC): Saudi Arabia-based EAF long-product steelmaker and a major regional competitor in rebar and sections. Comparable on technology (EAF/scrap) and product mix to AGSI.

Emerging players

• JSW Steel: India's largest EAF-based long and flat steel producer with growing investments in green hydrogen and lower-carbon steel. Comparable on EAF/scrap technology and emerging-market green steel roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@AGSI-LLC
• LinkedInlinkedin.com/company/arabian-gulf-steel-industries
• Instagraminstagram.com/agsi_netzerosteel
• Facebookfacebook.com/profile.php

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arabian Gulf Steel Industries