24
Apr
02:05
Fortescue: FY24 ore shipments weaker, but within guidance
Australian iron ore producer Fortescue has left its guidance for total shipments in the financial year ending June 2024 (FY24) unchanged at 192-197 million tonnes. However, shipments are now expected at the lower end of the range due to the derailment and weather impacts during the third quarter of FY24, Kallanish notes.
The firm says in a statement that the guidance includes approximately 2mt from Iron Bridge, the lower end of its previous guidance of …
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Very good overview of the weekly steel market.
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