India’s steel ambitions hinge on manganese and MOIL — can the miner close the looming supply gap

Domestic manganese ore is slipping even as steel demand rises

As India scales up steel capacity, manganese—key to steel strength—is becoming harder to source reliably. Domestic ore supply is falling short, leaving imports vulnerable to price swings. The spotlight is on MOIL, India’s largest manganese producer, and whether it can expand output or secure supply fast enough to keep steel growth on track.