Fortescue moves on growing markets outside steel giant China

April 6, 2017

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Fortescue Metals Group Ltd. is making iron ore marketing forays to steel-producing nations outside China to tap forecast increases in demand from burgeoning infrastructure projects across the region.
The world’s fourth-biggest exporter’s mines in northwestern Australia are well-positioned to take advantage of expected growth in countries such as India, Vietnam and the Philippines, CFO Elizabeth Gaines said in an interview. Australian iron ore exporters including Perth-based Fortescue account for more than half of the global export market.

Category: General