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27
Mar
2018
Fortescue cuts iron-ore price expectation for FYBy:Creamer Media Senior Deputy Editor: Australasia IRON-ORE Iron-ore major Fortescue Metals has cut its price expectations as Chinese construction activities are subdued and temporary steel production restrictions remain in place. The company on Tuesday amended its iron-ore price guidance to about 65% of the average benchmark Platts 62 CR index price, compared with the first half revenue realisation of 68%.
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