India and Brazil sign MoU to strengthen and secure steel supply chain

The Ministry of Steel, Government of India and the Ministry of Mines and Energy of the Federative Republic of Brazil have signed a Memorandum of Understanding (MoU) to strengthen cooperation in mining and minerals required for the steel sector. The MoU was exchanged in the presence of Narendra Modi and Luiz Inácio Lula da Silva at Hyderabad House, New Delhi.

The agreement establishes an institutional framework to enhance bilateral cooperation across the steel value chain, focusing on reliable and sustainable development of key raw materials for steel production.

The cooperation will focus on attracting investment in exploration, mining and infrastructure development for the steel sector. It will also cover processing and recycling technologies for minerals, along with the adoption of automation and advanced technologies in exploration and mining. Additionally, the partnership will promote the use of artificial intelligence in geoscientific data analysis to improve exploration processes and share best practices in mineral extraction, processing and environmental management.

Brazil is among the world’s leading producers of iron ore and has significant reserves of minerals critical to steelmaking, including manganese, nickel and niobium. Enhanced cooperation is expected to improve access to key raw materials and technologies needed for the long-term growth of India’s steel sector.