Global steel trade: India, Argentina, Indonesia, Oman collaborate for raw materials.
India is set to engage in discussions with Argentina, Indonesia, and Oman next month to secure essential steelmaking raw materials such as coking coal and iron ore, according to sources familiar with the matter. The talks also aim to facilitate access to new technologies to support India’s expanding steel sector and its transition to cleaner energy sources.
These negotiations are crucial for India as it seeks to diversify its supply chains and reduce reliance on traditional sources. By engaging with Argentina, Indonesia, and Oman, India aims to strengthen its steel production capabilities and support its growing infrastructure demands.
The move aligns with India’s broader strategy to enhance its manufacturing sector and promote sustainable industrial practices. Securing access to vital raw materials and advanced technologies is expected to provide a competitive edge to Indian steel manufacturers.
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