A delegation from Karachi-based Pakistani long steel producer
Pakistan Steel Mills (PSM) is on a four-day visit to
Iran to discuss
iron ore supplies from the country to support the production of the Pakistani steelmaker, according to media reports.
The
Pakistan Steel Mills officials have planned to meet five Iranian companies to discuss barter deal options under which PSM will supply metallurgical coke in return for Iranian
iron ore.
The company is facing difficulties in terms of importing
iron ore from Australia, Canada, and Brazil due to longer delivery times with high freight rates.