ZhangChangfu, secretary-general of the China Iron and Steel Association (CISA), issaid to have backed the idea on cost grounds.
“Thisis a matter for the transportation authorities, (but) Chinese steel enterpriseshope that iron ore prices will fall, and that transportation costs will fall,and if this is good for that, then I support it,” Changfu said at a recent CISApress briefing.
Vale built the Valemaxes to slash shipping costs to China and better competewith Australian rivals BHP Billiton and Rio Tinto .
However,
