[SMM Stainless Steel Flash] India to Secure Raw Materials from Argentina, Indonesia & Oman

Published: Mar 31, 2026 19:46

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India will engage with Argentina, Indonesia, and Oman next month to secure supplies of critical steelmaking raw materials. Discussions will occur during a major international steel summit in India. The focus includes coking coal, iron ore, lithium, and ferronickel. Indonesia, possessing the world's largest nickel reserves, is targeted as a key supplier of ferronickel for stainless steel. Meanwhile, Oman provides iron ore, and Argentina is a target for lithium and other critical minerals to support state-run NMDC Limited. This initiative aligns with India's strategy to ensure steady raw material supplies to scale up domestic steel production and advance its clean energy transition.

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