JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Meranti Green Steel has outlined a step-by-step energy transition plan for its planned hot briquetted iron (HBI) facility at Oman’s Special Economic Zone at Duqm, starting with a blended fuel approach before scaling up green hydrogen use. In the first phase, the plant is designed to run on an 11.5% green hydrogen and 88.5% natural gas mix, with the hydrogen share rising over time as supply, cost, and technical readiness improve.
The project targets 2.5 million tonnes per year of HBI—an increasingly sought-after low-carbon iron unit for electric arc furnace (EAF) steelmaking and greener downstream production. A final investment decision is expected by mid-2026, while commissioning is targeted for mid-2029.
Meranti says it is funding development at the corporate level for now, while preparing a dedicated project financing structure that draws on both international and local funding channels. The company also pointed to ongoing engagement with key Omani ecosystem partners supporting the framework for gas, hydrogen, and investment facilitation.
Also Read : Toyota remains the world's top-selling automaker in 2023 Canada Seeks Critical Mineral Status for Metallurgical Coal After India Supply Deals
India has imposed anti-dumping duties for five years on certain cold-rolled steel imports from China...
India 19-Dec-2025
China's domestic production of steel raw materials and imports of iron ore both increased significan...
Ferrous 22-Apr-2024
Ukraine's Flat Rolled Steel Imports Surge 17.2% in January-May 2025 Ukraine’s imports...
Business 04-Jul-2025
The Railways have placed an order for ₹957 crore with Jupiter Waggons Ltd, a mobility solutions prov...
Mid Corporate 13-Mar-2024
The National High-Speed Rail Corporation Limited (NHSRCL) has successfully launched the 10th steel b...
India 13-Oct-2025
India and Canada have initiated high-level discussions to strengthen bilateral cooperation in the st...
India 05-Feb-2026