14,396.54 TRY BIST 100 BIST 100
7.18 CNY CNY CNY
56.12 EUR EUR EUR
47.97 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
40.85 TRY Interest Interest
93.44 USD Fossil Oil Fossil Oil
6.56 USD Copper Copper
106.65 USD Silver Silver
95.94 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
95.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Meranti Green Steel completed all offtake agreements for its green iron project in Oman

Meranti Green Steel has completed all offtake agreements for the first phase of its planned green HBI facility in Oman’s Duqm Special Economic Zone.

Meranti Green Steel completed all offtake agreements for its green iron project in Oman

Singapore based Meranti Green Steel announced that it has secured full offtake coverage for the first phase of its planned green Hot Briquetted Iron (HBI) facility in Oman’s Duqm Special Economic Zone, describing the development as a key commercial milestone for the project.

The agreements cover the entire capacity of the first module, which is designed to produce 2.5 million tonnes per year. Under the arrangements, 1.0 million tonnes per annum will be supplied to Thyssenkrupp Materials Trading, while 0.25 million tonnes per annum have been allocated to INTERFER Edelstahl and INTERFER Austria. The remaining volumes will be delivered to Glencore and to Meranti’s planned steel plant in Rayong, Thailand.

The offtake agreements also предусматри additional allocations to the same counterparties for a potential second HBI module in Oman, subject to certain conditions being met. In terms of market focus, Thyssenkrupp will serve Germany, Belgium and the Netherlands, INTERFER will focus on Italy and Austria, while Glencore will target other markets.

Meranti Green Steel said the long term agreements strengthen the project’s financial viability and support progress toward a targeted Final Investment Decision (FID) in mid-2026. The contracts include key commercial terms such as pricing structures, product specifications, delivery start dates and contract durations.

The Duqm facility is planned to produce low-carbon HBI using a production model that combines natural gas with green hydrogen. Leveraging Oman’s competitive energy costs, access to renewable power and supportive regulatory framework, the project aims to supply Electric Arc Furnace (EAF) steelmakers with a cost-competitive, low-CO₂ iron feedstock. Full commissioning of the plant is expected by mid-2029.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Asian import pressure pushes Tata Steel’s Llanwern plant to half capacity

Sunday, August 23, 2026

Trump’s steel tariffs weaken support for independence in Quebec

Saturday, August 22, 2026

Türkiye’s CRC exports decreased 39.2% in June, while shipments to the US increased

Friday, August 21, 2026

Fortescue’s Iron Ore Shipments Hit Record 201.3 Million Tonnes in FY2026

Friday, August 21, 2026

Federacciai and 14 Italian steel companies submit expressions of interest for former Ilva

Friday, August 21, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now