The London-listed steel maker has warned that it will miss its target for full-year earnings as the group bears the brunt of lower commodity prices despite swinging to a second-quarter net profit.

Topics:  london-listed   prices   earnings   
BING NEWS:
  • Weather and ore car derailment dent Fortescue iron ore exports
    Fortescue, the world’s fourth-largest iron ore miner, exported 43.3m tons in its third quarter, down 6% year-on-year due to an ore car derailment and weather disruptions. However, the Perth-based ...
    04/23/2024 - 3:52 pm | View Link
  • Weather and derailment dent Fortescue iron ore exports
    Fortescue, the world’s fourth-largest iron ore miner, exported 43.3m tonnes in its third quarter, down 6% year on year due to an ore car derailment in December and weather disruptions. However, the ...
    04/23/2024 - 3:52 pm | View Link
  • Fortescue Iron Ore Exports Take Hit From Derailment, Weather
    Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western ...
    04/23/2024 - 11:45 am | View Link
  • Iron Ore Shipments Up 3.8% Despite Weak Chinese Demand
    In China, expectations of stronger steel production following the Chinese New Year led to strong iron ore prices. However, despite these expectations, steel production weakened 3.1% y/y while both ...
    04/22/2024 - 12:59 pm | View Link
  • Iron ore prices set to slump again as China's housing troubles mount, analyst says
    Iron ore prices are predicted to decline further due to China's housing market collapse, reducing demand and increasing supply pressure.
    04/17/2024 - 5:53 am | View Link
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