Australia's FMG narrows discount for Apr iron ore fines as end-users opt for lower grades

摘要

Singapore—Australian miner Fortescue Metals Group narrowed the discounts for its April-loading term contracts for four iron ore grades as end-users increasingly opt for lower grade cargoes, contract customers said Tuesday. The discount for FMG's 58.3% Fe Fortescue Blend fines was set at 10% against Platts' IODEX assessments in April, down from 11% in March, they said. For 56.7% Fe Super Special fines,