Sesa Goa starts to export iron ore to Pakistan

Sesa Goa starts to export iron ore to Pakistan

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.