Industry News

Could the latest China trade data be a good sign for the Fortescue share price?

Views : 145
Update time : 2023-06-15 16:41:18

The Fortescue Metals Group Ltd (ASX: FMG) share price has fallen slightly in the last year, but how will China’s steel demand impact iron ore sentiment?

Fortescue shares have slid 4.36% in the last year. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has jumped 0.02% in the past year.

Let’s take a look at the outlook for the Fortescue share price.

Related News
Read More >>
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
May .15.2025
Public consultation opens for Fujian Bangte’s stainless steel pipe expansion project
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
May .15.2025
Tata Steel has Rs 15,000 crore capex plan for FY26 spanning India, UK, Netherlands operations
Rio Tinto to launch Simandou iron ore shipments in Nov Rio Tinto to launch Simandou iron ore shipments in Nov
May .15.2025
Rio Tinto to launch Simandou iron ore shipments in Nov
Iron ore prices break through $102 mark Iron ore prices break through $102 mark
May .15.2025
Iron ore prices break through $102 mark