India is set to initiate discussions with Argentina, Indonesia, and Oman to secure critical steelmaking raw materials and strengthen technology partnerships.
The talks are expected to take place at an upcoming global steel summit, positioned as the country’s largest international conference and exhibition for the sector. The move reflects India’s strategy to ensure stable supply chains as it expands steel production to meet rising domestic demand and export ambitions.
As the world’s second-largest crude steel producer after China, India remains heavily dependent on imports of key inputs such as coking coal, ferronickel, and certain grades of iron ore. Indonesia, with the largest nickel reserves globally, plays a crucial role in supplying materials for stainless steel manufacturing, while Oman has been a steady source of iron ore.
Engagement with Argentina is expected to go beyond steel, focusing on securing lithium and other critical minerals through entities like NMDC, supporting both steel and clean energy transitions.
The push also comes as India navigates supply disruptions and rising energy challenges, while diversifying export markets across Asia and the Middle East.
