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Zhuhai, Guangdong, China

Fortescue's iron ore shipments up by 5% YOY in Q1 FY2020

2019-10-24 13:41:24  【Print】
Australia's Fortescue Metals Group has posted a 5.Asian Metal Copyright The miner reiterated plans to deliver 17 million to 20 million tonnes of its mid-grade product in 2020, about twice as much as last year.Asian Metal Copyright0 per cent rise in first-quarter iron ore shipments in the fiscal 2020, buoyed by sustained demand for the steel-making ingredient from China.

It shipped 42.2 million tonnes in the quarter ended September 30, compared with 40.Asian Metal Copyright Chinese demand for high-quality ore is expected to accelerate in 2020 amid a pollution crackdown, which has forced steel mills to turn to higher-grade, less polluting ore to cut emissions and maximize output.Asian Metal Copyright2 million tonnes a year earlier and maintained its fiscal 2020 iron ore shipments forecast between 170 million and 175 million tonnes.

Chinese demand for high-quality ore is expected to accelerate in 2020 amid a pollution crackdown, which has forced steel mills to turn to higher-grade, less polluting ore to cut emissions and maximize output.

The miner reiterated plans to deliver 17 million to 20 million tonnes of its mid-grade product in 2020, about twice as much as last year.

.Asian Metal Copyright The miner reiterated plans to deliver 17 million to 20 million tonnes of its mid-grade product in 2020, about twice as much as last year.Asian Metal Copyright