SteelMint

Tag: FMG quarterly results

  • FMG: Iron Ore Shipments Drop 10% in Q1 CY19

    FMG: Iron Ore Shipments Drop 10% in Q1 CY19

    —

    by

    Monika Bajaj
    in

    Fortescue Metals Group – world’s 4th largest iron ore producer, depicted fall in quarterly shipments in Q1 CY19 at 38.3 MnT, down 10% as against last quarter at 42.5 MnT. The shipment dropped amidst tropical cyclone Veronica which hit the western Pilbara region in Australia towards Mar’19 end. The cyclone affected about 2.5 MnT of…