The Fortescue Metals Group Ltd (ASX: FMG) share price is having a hard time digging itself out of its recent rut.
Fortescue shares managed to eke out some gains this morning, opening 0.32% higher to $15.80.
But by the time Chinese iron ore futures markets began trading around 11 am, Fortescue’s gains faded and snowballed to steep losses.
At the time of writing, the Fortescue share price is trading 5.21% lower at $14.93.
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