Tag: FMG low grade iron ore discount

Australia: FMG Narrows Discount on Low Grade Iron Ore Fines for Mar’20

Feb 21, 2020

—

by

Indranath Jha

in Fines/Lumps

Fortescue Metals Group – world’s 4th largest iron ore producer has decreased discount on low-grade ore for Mar’ 20. SteelMint has learned from the market participants that FMG has lowered discount of SSF low-grade fines (Fe 56.7%) from 18% in Feb’20 to 16% for Mar’20 deliveries. As per the reports, amid shrinking steel margins Chinese…