India, Brazil ink MoU to secure steel raw material supply

India and Brazil have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in the mining and minerals sector, particularly concerning raw materials essential for steel production, according to a press release issued by India's Ministry of Steel last weekend.

The agreement, formalized during Brazilian President Luiz Inacio Lula da Silva's visit to India in the presence of Indian Prime Minister Narendra Modi, aims to promote the reliable and sustainable development of key inputs required for steelmaking between the two countries, the release noted. As the world's second-largest steel producer after