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Demand for Fortescue’s products strong: FMG chief financial officer

  • Thursday, August 17, 2023
  • Source:ferro-alloys.com

  • Keywords:Fortescue products, FMG
[Fellow]Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.

The Pilbara, Western Australia-based miner’s flagship low-grade Super Special and Blended Fines brands are iron ore fines under 60% Fe and FMG shipped 192 million tonnes of iron ore in the year to the end of June, according to the company’s latest operational review published on July 27.

FMG chief financial officer Christine Morris said in a conference call on July 27, that:

Demand for Fortescue’s products has remained strong all year. This is the result of steel mill profitability as well as the consistent quality of delivered product and the low variability of Fortescue ores.

FMG’s annual shipments achieved the top end of market guidance and the company increased its shipment guidance for 2024 to 192-197 million tonnes - including about 7 million tonnes from its new magnetite project, Iron Bridge. fastmarkets
  • [Editor:kangmingfei]

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