Australia’s Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather. The world’s fourth-largest iron ore miner fared better than rivals Rio Tinto and BHP, whose June quarter output dropped because of …
The post China demand powers Fortescue shipments to record, beats annual estimate first appeared on Hellenic Shipping News Worldwide.
Author: Capt...