13
Apr
10:39
Lower-cost Fortescue may beat production guidance
Fortescue Metal Group’s (FMG) iron ore shipments were running ahead of targets in the March quarter thanks to a lack of weather disruption. Continued good weather may mean it beats its shipment guidance for the financial year ended June 2016. The company has reduced its costs further despite the impact of a stronger Australian dollar and higher oil prices, but costs could begin to tick upwards again from the summer, Kallanish notes.
FMG shipped 42 million …
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Anonymous
Very good overview of the weekly steel market.
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