Fortescue says Q1 iron ore shipments fall about 6%
Fortescue (FMG) reported preliminary Q1 iron ore shipments fell near 6% year-on-year, citing maintenance activity including scheduled port outload shutdowns. Total shipments were 46.8 million metric tonnes in the quarter.
Australia's Fortescue ASX:FMG said on Thursday in a preliminary quarterly update that its first-quarter iron ore shipments fell near 6% from a year earlier, as maintenance work, including scheduled port outload shutdowns, weighed on volumes. 8 million metric tonnes (mt) in the period.