FMG not a pricing pawn: Forrest

FORTESCUE Metals Group is taking a much more active role in the future of Australia’s iron ore exports into China with the settling of six-month price contracts with Chinese mills.

FMG not a pricing pawn: Forrest FMG not a pricing pawn: Forrest FMG not a pricing pawn: Forrest FMG not a pricing pawn: Forrest FMG not a pricing pawn: Forrest

FMG today announced it had settled an “indexed” iron ore price with its iron ore customers around 3% below the prices made between Rio Tinto and non-Asian steel mills or roughly 35% than the benchmark

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