{"id":10739,"date":"2026-04-13T14:00:00","date_gmt":"2026-04-13T10:00:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/meranti-expands-steel-investments-strategy\/"},"modified":"2026-04-14T08:00:40","modified_gmt":"2026-04-14T04:00:40","slug":"meranti-expands-steel-investments-strategy","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/meranti-expands-steel-investments-strategy\/","title":{"rendered":"Meranti&#8217;s Downstream Steel Investments Beyond Duqm HBI Project: Implications for Business Growth in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>MUSCAT, APRIL 13<\/strong> \u2014 Meranti Green Steel (MGS) is not only preparing for the expansion of its low-carbon iron production project in Duqm but is also exploring potential investments in downstream steel products as part of its long-term strategy.<\/p>\n<p>According to CEO Dr. Sebastian Langendorf, future downstream activities may include the production of semi-finished products such as slabs or flat steels, although these plans will depend on various factors, including geopolitics, tariffs, quotas, and trends in the Chinese steel market.<\/p>\n<p>These insights come as MGS progresses with its first phase investment in Oman\u2014a 2.5 million tonnes per annum (mtpa) hot briquetted iron (HBI) plant in the Duqm Special Economic Zone. A Final Investment Decision (FID) is expected in the third quarter of this year, with commercial operations projected to commence in early 2030.<\/p>\n<p>In an interview with the Observer, Dr. Langendorf highlighted that developing a downstream component is key to Meranti\u2019s long-term objectives, though various considerations will influence these plans. \u201cWhen evaluating downstream development in Oman, we focus on infrastructure, particularly the availability of stable electricity, as well as opportunities in domestic and export markets. We need to identify the most suitable product mix. At this stage, it&#8217;s premature to be conclusive, but we see promise in semi-finished products like slabs and potentially flat steels,\u201d he stated.<\/p>\n<p>The CEO indicated that a variety of downstream options are being considered, as steelmaking usually retains a strong local aspect. However, HBI products are traded globally and are becoming essential for electric arc furnace (EAF) production, which requires a blend of scrap and HBI for quality assurance. He emphasized the significance of domestic markets, noting that strategies focused solely on exports are increasingly vulnerable to tariffs and quotas, particularly given the current geopolitical landscape, including rising protectionism in the United States and stricter import regulations in Europe.<\/p>\n<p>\u201cWe are closely observing the evolution of the global steel industry. China continues to play a critical role\u2014it has been exporting significant volumes, exerting downward pressure on prices. Nevertheless, ongoing consolidation in China\u2019s steel sector may gradually diminish surplus output, which could create additional opportunities for companies like us,\u201d he remarked.<\/p>\n<p>Looking ahead to the next decade or more, Meranti is optimistic about growth potential in East Africa, driven by a youthful and rapidly growing population. While economic ties with the Gulf are expected to bolster this growth, India also emerges as a swiftly expanding market, providing further regional demand opportunities, according to Dr. Langendorf.<\/p>\n<p>Discussing the next phase of the Duqm project, Dr. Langendorf stated, \u201cIn today\u2019s environment, complete certainty is elusive. However, we do recognize substantial potential for a second phase. Infrastructure advantages that support scaling are already in place, and we are developing market channels with off-takers that can be expanded.\u201d<\/p>\n<p>He noted that the second phase will be a logical progression from the first, although a specific timeline remains undetermined. \u201cIt will depend on local conditions. For instance, our current gas allocation is secured only for Phase One, so we must collaborate with local partners to successfully implement that stage, build trust, and then advance to the next phase.\u201d<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The potential expansion of Meranti Green Steel&#8217;s low-carbon iron project in Duqm signifies a <strong>significant opportunity for businesses in Oman<\/strong> to engage in sustainable production and strengthen local supply chains. However, it also poses <strong>risks associated with geopolitics, tariffs, and volatility in the global steel market<\/strong>, which could affect profitability and market access. <strong>Smart investors and entrepreneurs should focus on building strategic partnerships and exploring downstream opportunities<\/strong>, particularly in semi-finished products, to capitalize on emerging market trends and consumer demands for eco-friendly solutions.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meranti Green Steel (MGS) is planning a second phase for its low-carbon iron project in Duqm, focusing on downstream investments in steel products. CEO Dr. Sebastian Langendorf noted potential for manufacturing semi-finished products like slabs, influenced by geopolitics and market trends.<\/p>\n","protected":false},"author":5,"featured_media":10740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[939,940,161],"class_list":["post-10739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-low-carbon-steel","tag-meranti-green-steel","tag-oman"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/04\/3351542.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=10739"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10739\/revisions"}],"predecessor-version":[{"id":10741,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10739\/revisions\/10741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/10740"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=10739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=10739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=10739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}