Fortescue warns on iron ore as port pile spooks

Tuesday, 23 May 2017

I noted this morning that:

Fortescue Metals Group (FMG) is keeping its June price adjustments unchanged for its flagship products, at 30% for 56.7% Fe Super Special fines and 25% for 58.3% Fe Fortescue Blend fines, sources told Metal Bulletin.

Just now via the FT:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.