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FMG has been gearing up to deliver its first shipment of a new blend of Pilbara ore.

Steel doubts, new product mix improves Fortescue outlook

A recent deterioration in profits among China’s steel producers is boosting the prospects of lower-grade iron ore producers such as Fortescue Metals Group, with steelmakers expected to shift their focus to reducing costs rather than boosting volumes if margins continue to decline.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 30/04/19

1 year TSR5 year TSR
53rdFortescue Metals Group70%13%
186thWoodside Petroleum16%3%
324thSouth32-6%
354thMineral Resources-10%10%
373rdOM Holdings-13%25%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/03/19
$11k Issued
18/12/18
$0 Issued
30/11/18
$117.6m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
2nd↓Fortescue Metals Group$9,358.7m
3rd-Woodside Petroleum$7,536.1m
4th-Mineral Resources$1,706.7m
5th↑OM Holdings$1,512.8m
486 listed resources companies ranked by revenue.
Source: Morningstar

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