Adani Ports and Special Economic Zone (APSEZ), NMDC and Vale have signed a Memorandum of Understanding (MoU) to collaborate on iron ore-related opportunities, marking a significant step toward strengthening India-Brazil cooperation in steel raw materials.
The MoU focuses on developing an integrated ecosystem for iron ore blending, value addition and logistics, with the proposed development centred around Gangavaram Port on India’s east coast. The initiative aims to enhance efficiency across the iron ore value chain, support exports and improve India’s competitiveness in global mineral trade.
The agreement comes alongside a broader government-level push to deepen bilateral cooperation. Earlier, the Government of India and the Government of Brazil signed an MoU to enhance collaboration in mining and minerals critical to the steel sector, covering areas such as exploration, processing technologies, recycling, automation and data-driven exploration.
Brazil is among the world’s leading iron ore producers and holds substantial reserves of steelmaking minerals, including manganese, nickel and niobium. For India, which currently has 218 mln tons of steelmaking capacity and continues to expand, the combined government and industry-level initiatives are expected to strengthen access to critical raw materials, improve supply chain resilience and support long-term growth of the steel sector.
