FMG: Raise Discounts of Fine Blended

Published: Nov 23, 2017 14:00 (GMT+8)
Fortescue Metals Group adjusts discounts in December. FB (fine blended) is adjusted to 29% from 25.5% in November. Discount of SSF (Super special fine) maintains 40%.

SHANGHAI, Nov.23 (SMM)-Fortescue Metals Group adjusts discounts in December. FB (fine blended) is adjusted to 29% from 25.5% in November. Discount of SSF (Super special fine) maintains 40%. King powder maintains 15%. Since fine blended inventory is sufficient at ports, steel plants are reluctant to purchase. Mines raises discounts in December in order to promote shipment of fine blended.  


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