India Seeks Raw Materials From Argentina Indonesia And Oman
COAL & MINING

India Seeks Raw Materials From Argentina Indonesia And Oman

India will hold talks with Argentina, Indonesia and Oman at a global steel summit next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore and to access technology, two sources with direct knowledge told Reuters. The discussions are part of a broader effort by the government to secure upstream inputs and to support rising domestic steel production driven by infrastructure spending and economic growth.

New Delhi relies on ferronickel imports for stainless steel manufacturing and is engaging Indonesia, which holds the world's largest nickel ore reserves, to ensure supply chains for nickel and related inputs. The country also imports iron ore from Oman and Brazil and has recently expanded cooperation with Brazil to diversify sources. With Argentina, India aims to secure lithium and other critical minerals for the National Mineral Development Corporation (NMDC).

The government in January set out plans to secure stable supplies of coking coal, lithium, cobalt and rare earth elements as it expands steel capacity and accelerates a transition to cleaner energy. Officials expect that diversifying suppliers and accessing technology partnerships will help maintain output and support higher exports. India is shifting export markets from Europe towards Asia and the Middle East to offset impacts from the European Union's carbon tax.

The sector is facing short-term challenges as a gas crisis, linked to the conflict in the Middle East, has threatened production at smaller steel units and prompted warnings about potential shutdowns at some plants. Officials and industry participants plan to use the summit to address supply risks and to explore technology transfer and investment opportunities that could strengthen resilience in steelmaking supply chains.

India will hold talks with Argentina, Indonesia and Oman at a global steel summit next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore and to access technology, two sources with direct knowledge told Reuters. The discussions are part of a broader effort by the government to secure upstream inputs and to support rising domestic steel production driven by infrastructure spending and economic growth. New Delhi relies on ferronickel imports for stainless steel manufacturing and is engaging Indonesia, which holds the world's largest nickel ore reserves, to ensure supply chains for nickel and related inputs. The country also imports iron ore from Oman and Brazil and has recently expanded cooperation with Brazil to diversify sources. With Argentina, India aims to secure lithium and other critical minerals for the National Mineral Development Corporation (NMDC). The government in January set out plans to secure stable supplies of coking coal, lithium, cobalt and rare earth elements as it expands steel capacity and accelerates a transition to cleaner energy. Officials expect that diversifying suppliers and accessing technology partnerships will help maintain output and support higher exports. India is shifting export markets from Europe towards Asia and the Middle East to offset impacts from the European Union's carbon tax. The sector is facing short-term challenges as a gas crisis, linked to the conflict in the Middle East, has threatened production at smaller steel units and prompted warnings about potential shutdowns at some plants. Officials and industry participants plan to use the summit to address supply risks and to explore technology transfer and investment opportunities that could strengthen resilience in steelmaking supply chains.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement