CVRD is looking into the possibility of creating an iron ore distribution hub at the southern Chinese port of Zhanjiang. An agreement has apparently already been signed, which involves Baosteel as well, since this producer is to build a 10 million tonne per year steel plant within the port. The thinking behind CVRD’s move is that not all of its clients require a complete shipload of ore and so the establishment of a distribution centre will allow smaller consignments to be delivered to the end user.

Barry Cross