Iran has recently been awarded a tender to supply
Pakistan with 2 million tons of
iron ore, over a period of five years. The deliveries will start next year. This
iron ore supply aims to meet the 20% of
Pakistan's steel shortage, according to Mohammad Dehestani, Managing Director of
Iran-Bafq Central
Iron Ore Company.
The
iron ore to be exported by
Iran will have 62% purity. The sales price for the
iron ore to be exported into
Pakistan to the southern city Bafq will be $17/ton.
According to reports,
Pakistan is at the same time willing to import steel from
Iran.