Fortescue’s annual iron-ore shipments roughly flat

Fortescue drills for iron ore in northwest Australia. (Image: FMGL)

Thu, 25 Jul 2024

By Rhiannon HoyleAustralia’s Fortescue said its iron-ore shipments were broadly flat over the past year, as it grappled with setbacks including a derailment and heavy rain.Fortescue said it shipped 191.6 million metric tonnes of the steel ingredient in the 12 months through June, compared with 192m tonnes in the year before.Fortescue had previously forecast total iron-ore shipments of between 192m and 197m tonnes for the 12 months, including around 2m tonnes from its Iron Bridge project.The company said in April that it expected annual ir...

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