{"id":88157,"date":"2026-03-30T00:00:00","date_gmt":"2026-03-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88157"},"modified":"2026-03-30T10:23:21","modified_gmt":"2026-03-30T10:23:21","slug":"india-eyes-oman-indonesia-argentina-for-steel-inputs-amid-supply-crunch","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/03\/30\/india-eyes-oman-indonesia-argentina-for-steel-inputs-amid-supply-crunch\/","title":{"rendered":"India eyes Oman, Indonesia, Argentina for steel inputs amid supply crunch"},"content":{"rendered":"

India<\/strong> is reaching out to Oman, Argentina, and Indonesia to secure cooking coal and iron ore for steel plants<\/strong>, Reuters<\/a> reports, citing sources with knowledge of the matter. The talks are expected to take place on the sidelines of an Indian government-hosted global steel summit next month. <\/p>\n

Why it matters: <\/strong>The outreach deepens India\u2019s reliance on Gulf-linked supply chains as the region becomes central to both inputs and demand. Oman and Brazil together account for about 70% of India\u2019s iron ore imports<\/a> this fiscal year. At the same time, India is pushing to expand steel exports<\/a> to the Middle East to offset weaker access to Europe following the EU\u2019s carbon tax. <\/p>\n

Supply strategy: <\/strong>The move comes as the world\u2019s second-largest crude steel producer seeks to reduce its dependence on imports for critical inputs. India relies on ferronickel imports for stainless steel production, while Indonesia holds the world\u2019s largest nickel ore reserves. Oman already supplies iron ore to India alongside Brazil. With Argentina, New Delhi is looking to secure lithium and other critical minerals through state-owned miner National Mineral Development Corporation \u2014 as demand rises on the back of higher infrastructure spending and a shift in export markets toward Asia and the Middle East.<\/p>\n","protected":false},"excerpt":{"rendered":"

New sourcing push targets iron ore, coking coal and critical minerals as India recalibrates supply chains and demand toward the Middle 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