Original article by Angus Grigg, Tess Ingram, James Thomson
The Australian Financial Review – Page: 15 : 18-Sep-17

The discount that Fortescue Metals Group receives on sales of its iron ore with 56.7 per cent iron content has widened so far in 2017-18. This discount to the benchmark price for 62 per cent iron ore averaged 23 per cent in 2016-17, compared with an historical average of 10-15 per cent. However, the discount widened to 27 per cent in the June 2017 quarter. It increased to 32 per cent in August and rose to 35 per cent in early September. Fortescue’s outgoing CEO Nev Power expects the current discount to be maintained in the near-term.

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