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Fortescue posts record first-quarter iron ore shipments

Kitco News

Oct 28 (Reuters) - Fortescue Metals Group said on Thursday its iron ore shipments rose 3% to a record level in the first quarter.

The world's fourth-largest iron ore miner shipped 45.6 million tonnes (mt) of the steel-making commodity in the September quarter, compared with 44.3 mt a year earlier. It beat an RBC Capital Markets estimate of 44.7 mt.

(Reporting by Sameer Manekar and Nikhil Kurian Nainan in Bengaluru; Editing by Devika Syamnath)

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