Iron ore spreads closing: FMG

FORTESCUE Metals Group says the big drop in the iron ore price this week is actually a good thing for the company.

Iron ore spreads closing: FMG Iron ore spreads closing: FMG Iron ore spreads closing: FMG Iron ore spreads closing: FMG Iron ore spreads closing: FMG

FMG's Herb Elliott port facility

The MySteel 62% Australian iron ore fines price fell below US$70 per tonne on Friday and has continued to decline this week to around $65/t. It traded as high as $76/t a little over a month ago.

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