World’s fourth-largest iron ore miner – Fortescue Metals Group has increased the iron ore shipment guidance to 178-182 mn t for fiscal FY’21 (July 20-June’21) as against 175-180 mn t announced previously. The increase is based on strong first-half performance and continued focus on debottlenecking to optimize capacity, the company highlighted in its recent press release. The total ore shipments in H2 CY’20 were recorded at 90.7 mn t up against 88.6 mn t in H2 CY’19.
Leave a Reply