Fortescue posts record iron ore shipments for September quarter

Monday, 02 November 2020 15:28:49 (GMT+3)   |   Istanbul
       

Australian iron ore miner Fortescue Metals Group has announced that its iron ore shipments in the first quarter ended September 30 of the financial year 2020-21 rose five percent compared to the previous quarter to 44.3 million mt, achieving a record first quarter performance. According to Fortescue, during the September quarter it mined 58.4 million mt of iron ore, rising two percent from the previous quarter and up by 15.4 percent from the same period of the previous financial year.

Meanwhile, in the given period, the average price received increased to US$106 per dry metric ton (dmt) compared to the June quarter price of US$81/dmt, representing a 30.9 percent increase quarter on quarter.

Fortescue said that demand for its products continues. The company has maintained its iron ore shipment guidance for the financial year 2020-21 at around 175-180 million mt.


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials