Meranti Green Steel is considering downstream steel investments as part of its long-term strategy alongside its planned low-carbon iron project in Duqm, according to local media reports.
CEO Dr Sebastian Langendorf said the company is evaluating potential expansion into semi-finished and flat steel products, including slabs, although such plans will depend on factors such as geopolitics, tariffs, quotas and developments in the Chinese steel market.
The company is currently progressing its first-phase project in Oman, which involves a 2.5 mln tons per annum hot briquetted iron (HBI) plant in the Duqm Special Economic Zone. A final investment decision is expected in Q3 2026, with commercial operations targeted for early 2030.
Langendorf noted that downstream development will depend on infrastructure availability, particularly reliable power supply, as well as domestic and export market opportunities and the optimal product mix. He added that while HBI is globally traded and increasingly important for electric arc furnace (EAF) steelmaking, downstream steel production remains more exposed to regional demand and trade barriers.
He also highlighted growing protectionist measures in key markets, including the US and Europe, which are increasing risks for export-oriented steel strategies. At the same time, potential consolidation in China’s steel sector could reduce excess supply and create opportunities for new entrants.
Over the longer term, Meranti sees growth potential in regions such as East Africa and India, supported by rising demand. Regarding expansion, Langendorf said a second phase at Duqm is under consideration, supported by existing infrastructure and market development efforts. However, he noted that progress will depend on local conditions, including gas availability and the successful execution of the initial phase.
