Australia’s Fortescue Metals Group Ltd FMG.AX posted a 5% rise in first-quarter iron ore shipments on Thursday, fed by robust Chinese demand for the key ingredient in steelmaking, which an executive said was also improving elsewhere in Asia. Iron ore prices have stayed buoyant this year despite a coronavirus-induced slump in demand for most commodities, …
The post Fortescue sees early signs steel-making recovery in Japan, South Korea first appeared on Hellenic Shipping News Worldwide...