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