July 24, 2019 / 11:20 PM / 25 days ago

Australia's Fortescue Metals logs flat Q4 iron ore shipments

July 25 (Reuters) - Australia’s Fortescue Metals Group on Thursday posted flat fourth-quarter iron ore shipments due to disruptions caused by a tropical cyclone.

The world’s no. 4 miner of the steelmaking commodity shipped 46.6 million tonnes in the quarter ended June 30, compared with 46.5 million tonnes a year ago, and in line with a UBS estimate.

Full-year shipments came in at 167.7 million tonnes. The Perth-based miner provided a fiscal year 2020 shipment forecast of 170 million tonnes to 175 million tonnes.

Reporting by Ambar Warrick and Shriya Ramakrishnan in Bengaluru; Editing by Bernard Orr

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