[SMM Iron & Steel] Fortescue Reports 23% Profit Surge on Record Iron Ore Shipments

Published: Feb 27, 2026 18:11

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Fortescue Metals Group reported a 23% increase in first-half profit on February 25, 2026, driven by record iron ore shipments and higher realized prices. The company noted a 3.0% drop in iron ore production costs and a 6.6% increase in realized prices. Fortescue's performance highlights the resilience of major Australian miners despite fluctuating global demand signals.

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