Fortescue Metals Group Ltd (FMG.AX)
4 Aug 2015
NEW YORK, July 29 - Slumping commodity prices are hitting the secondary loan prices of iron ore, oil services and coal companies as China's stock market volatility raises fears that demand in the world's most commodity-hungry economy is cooling and global markets brace for an imminent U.S. interest rate rise.
* Sees break-even cost at $39/tonne (Recasts, adds ceo quotes, details)
* Market sentiment remains bearish - analyst * Billet prices up marginally, recovery vulnerable * FMG shipments up 33 pct at 165.4 mln tonnes in fiscal 2015 (Updates close prices) SHANGHAI, July 23 - Shanghai rebar futures dropped for the second straight day on Thursday amid worries over the weak outlook for demand in the world's top producer, China. The most traded rebar futures on the Shanghai Futures Exchange closed lower 0.15 percent at 2,050 yuan ($330.14) a ton
* No solid reason for Shanghai rebar to rise - analyst * Billet prices up marginally, supporting rebar * FMG shipments up 33 pct to 165.4 mln tonnes in fiscal 2015 SHANGHAI, July 23 - Shanghai rebar futures steadied on Thursday after a slump in the previous session, but analysts said the weak outlook for demand in China meant there was little room for real gains. The most traded rebar futures on the Shanghai Futures Exchange were steady at 2,055 yuan ($331) a tonne aft
SYDNEY, July 23 - Fortescue Metals Group said it hit the high end of its forecast for iron ore shipments in fiscal 2015, and planned to maintain a similar rate in the current year.
SYDNEY, May 28 - Debt-heavy Australian iron ore miner Fortescue Metals Group could find willing investors in Chinese steel mills anxious to ensure multiple sources of supply for the raw material, a senior Chinese government official said on Thursday.
* Chinese-linked firms seek nod to invest in Fortescue -report
SYDNEY, May 11 - Fortescue Metals Group Chairman Andrew "Twiggy" Forrest on Monday called on Australians to urge the government to stop expansion plans by iron ore miners Rio Tinto and BHP Billiton, saying they were jeopardizing the economy.
* Fortescue, IOC, Kumba under pressure from low prices (Changes dateline, adds analyst comment, detail on rivals)
MELBOURNE, April 30 - Australia's anti-trust watchdog said on Thursday it will not take any action against Fortescue Metals Group for comments by its chairman last month urging bigger rivals to join it in capping iron ore output to shore up prices.