China demand powers Fortescue shipments to record, beats annual estimate

Capt. John

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...

https://www.hellenicshippingnews.com/china-demand-powers-fortescue-shipments-to-record-beats-annual-estimate/

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