Fortescue Welcomes Signs of Supply Discipline in Iron Market

Updated on
  • Company doesn't plan to continue allocating capital in market
  • Message on supply side has been fairly consistent, Pearce says

Fortescue Welcomes Signs of Easing Supply

Fortescue Metals Group Ltd., the world’s fourth-biggest iron ore producer, is “pleased” that rivals are taking heed of calls to slow supply growth that has contributed to a slump in global prices.

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