26
Oct
05:08
Fortescue iron ore shipments down in Q1
Australian iron ore producer Fortescue Metals has reported lower iron ore shipments in the first quarter of FY24, due to increased maintenance activity and lower stocks at port following strong shipments in the fourth quarter of FY23, Kallanish notes.
The group says in a statement that its iron ore shipments for the quarter totalled 45.9 million tonnes, 3% lower than the prior corresponding period.
The firm's total ore mined was 56.2mt in the first…
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Very good overview of the weekly steel market.
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