EMSTEEL reported a 6% decline in revenue, attributed to global steel price fluctuations, competition, and economic uncertainties. However, the company's strategic initiatives, including a surge in EBITDA in Q4 driven by UAE construction activity, showcased resilience. EMSTEEL's sustainability efforts were acknowledged with industry awards, and it ended 2024 with a strong cash position. The company's focus on sustainability and growth was evident in initiatives like the Low-Carbon Iron Joint Venture and a pilot project with green hydrogen, aiming to decarbonize the steel industry. EMSTEEL's re-branding and leadership role in AFID highlight its commitment to operational transformation and industry decarbonization. The company's leadership emphasized the importance of innovation, partnerships, and the role of sustainable steel in the UAE's construction sector, positioning EMSTEEL as a key contributor to economic and industrial growth.