FMG expects Chinese demand for low-grade iron ore to improve

Fortescue Metals Group’s (FMG) iron ore shipments dropped 2% year on year in the first quarter of 2018, but the miner is expecting demand among Chinese steel mills to improve in the coming months once their focus returns to cutting costs.

Fortescue Metals Group’s (FMG) iron ore shipments dropped 2% year on year in the first quarter of 2018, but the miner is expecting demand among Chinese steel mills to improve in the coming months once their focus returns to cutting costs. The miner shipped 38.7 million tonnes of the steelmaking raw material in the January-March period, it said on Tuesday April...

Published

Deepali Sharma

April 24, 2018

06:10 GMT

Singapore