Tag: FMG quarterly results

FMG: Iron Ore Shipments Up 10% Y-o-Y in Q1 CY20; Upgrades Shipment Guidance

Apr 30, 2020

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by

Monika Bajaj

in Fines/Lumps

Fortescue Metals Group – world’s 4th largest iron ore producer, depicted record high third quarter shipment in Q3FY20 (Q1 CY20). The shipments recorded 10% rise to 42.3 MnT despite weather disruptions and COVID-19 measures as against 38.3 MnT in Q1 CY19. Fortescue is a core supplier of iron ore to China and they see strong…