Indian steel manufacturers can meet UAE’s supply demands, says minister

Indian steel manufacturers can meet UAE’s supply demands, says minister

Ram chandra Prasad Singh, Minister of steel, India inaugurates the Steel week at India Pavilion at expo 2020 Dubai. — Supplied photo

The UAE exports around 5.5 million tonnes of steel from other countries.

Published: Fri 11 Mar 2022, 11:04 PM Last updated: Fri 11 Mar 2022, 11:06 PM

India’s steel industry is poised to enhance production and fill the global supply gap as steel prices have soared due to the Russia-Ukraine conflict, said Union Minister of Steel, Ram Chandra Prasad Singh.

Speaking to Khaleej Times, the minister said India can also meet the entire supply demand of UAE for steel as India’s private steel manufacturers are ramping up production and also looking to forge mutually beneficial partnership deals with the UAE’s steel manufacturers.

“The UAE exports around 5.5 million tonnes of steel from other countries. That can be made from India, which is geographically close to the UAE,” said Singh who is in the UAE to inaugurate the ‘Steel Week’ at the India pavilion at Expo.

The prices of steel, Iron and other minerals have surged since the Russian invasion of Ukraine as both countries are major producers and exporters of steel and other minerals. Steel prices have jumped 20 per cent in the last