FMG revises iron ore price guidance amid subdued Chinese demand, trade tensions

Fortescue Metals Group (FMG) has revised its guidance for the prices it expects to realize for iron ore sold in the year ending June 30 amid subdued Chinese demand and trade tensions.

The miner expects a contractual realization of approximately 65% of the average of a 62% Fe iron ore index for the year, against a realization of 68% of the same index in the half-year ended December 31. Last month, the miner had said that...

Published

Deepali Sharma

March 27, 2018

05:34 GMT

Singapore