Fortescue’s export targets washed away

Fortescue’s export targets washed away

Fortescue’s initial full-year guidance was for exports to fit in a range between 127 million tonnes and 133 million tonnes, but that was adjusted to 127 in January. The 38. 7 million tonnes shipped by Fortescue in the June quarter was still a strong result, easily eclipsing the 31. 5 million tonnes shipped in the March quarter, and indicating that the company can achieve its promised export rate of 155 million tonnes per year in the future.

Read more here: SMH


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