CAPITAL MARKETS

FMG shares down

ANDREW Forrest's Fortescue Metals Group has told the ASX that it does not know the reason for the significant drop in its share price over the last week from 71 cents on February 24 to yesterday's low of 54 cents.

Michael Quinn
FMG shares down

The share price decline comes against the backdrop of a strong outlook for the steel industry (and hence iron ore suppliers), and a good year for investors who held FMG shares this time last year when...

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