Steel Exchange India Limited (SEIL) has signed a four-year Memorandum of Understanding (MoU) with NMDC Limited to establish a framework for the supply of iron ore fines with Fe content of 61–63% and above. The material is expected to be sourced from NMDC’s upcoming Buffer Stockpile and Blending Yard in Visakhapatnam, Andhra Pradesh.

The arrangement provides for several delivery options, including direct conveyor supply and transportation through different logistics modes. The MoU is non-exclusive and non-binding, with detailed terms to be determined through future long-term agreements between the two companies.

The development comes as SEIL expands its production capacity, including the recent commissioning of a new reheating furnace. The company views the cooperation with NMDC as part of its efforts to strengthen access to raw materials for its steel operations.