FMG cuts discounts for March loading Kings fines

摘要

Fortescue Metals Group has reduced the discount for its 57.3% Fe Kings fines to some contract buyers for cargoes loading in March, term buyers said Friday. FMG, which uses the Platts 62% Fe Iron Ore Index assessment to price its iron ore and adjusts for the iron content of each grade, typically offers contract customers a discount that varies in response to market conditions.