In a strategic move to secure key raw materials for steel production and expand into new export markets, several Indian state-owned enterprises are establishing a presence in Dubai. Steel Authority of India Limited (SAIL), National Mineral Development Corporation (NMDC), and Metallurgical and Engineering Consultants (MECON) are set to open offices in the UAE by the end of June, according to Indian Union Steel Secretary Sandeep Poundrik. Manganese Ore India Limited (MOIL) is also expected to follow suit soon after.
The decision to set up operations in Dubai reflects its status as a major hub for trade and investment linked to Africa and the wider Middle East, regions rich in minerals such as coking coal, manganese, and limestone, which are essential for steelmaking.
“Although India has sufficient iron ore, there’s a growing need to secure other critical minerals like coking coal, manganese, and limestone,” Poundrik explained. “Dubai offers strategic proximity to Africa, where many of these reserves are located, and provides access to markets in the Gulf, including Oman, which has significant limestone deposits.”
Poundrik also highlighted the potential for collaboration in Direct Reduced Iron (DRI) steel production, given the availability of natural gas in Middle Eastern countries, a key requirement for DRI processes.
By 2030, India aims to scale up its steel production to 300 mln tons, with an installed capacity of around 400 mln tons.