India's largest private sector
iron ore exporter Sesa Goa Ltd. has signed an agreement to supply
iron ore to
Pakistan Steel Mills for the next 5 years. The annual quantity of shipment is 1.17 million tons.
Sesa Goa is anticipating to earn $15.21 million per year through the agreement. This agreement was won after competing with major international suppliers.
Furthermore, the trade relations between the two South Asian neighbours will become more powerful with this agreement. Before this agreement, the state owned Mines and Minerals
Trading Co. was the only
iron ore exporter to
Pakistan.
Sesa Goa has mining operations in Goa, Karnataka and Orissa. The company provides
iron ore to
Japan,
China,
Taiwan,
Romania and other countries.
Pakistan Steel Mills which is located in Bin Qasim, Karachi, produces billets, blooms, cold rolled coils, hot dipped
galvanized and slabs.