Oct 29 (Reuters) - Australia's Fortescue Metals Group Ltd FMG.AX posted a 5% rise in first-quarter iron ore shipments on Thursday, as demand in China for the steelmaking ingredient remained robust.
The world's fourth-largest iron ore miner said it shipped 44.3 million tonnes (Mt) of the steel-making material in the quarter ended Sept. 30, compared with 42.2 Mt a year earlier, and in line with UBS estimates of 44.1 Mt.
(Reporting by Anushka Trivedi & A K Pranav in Bengaluru; Editing by Vinay Dwivedi and Shounak Dasgupta)
((Pranav.AK@thomsonreuters.com; Twitter: @AKPranav1; +918061823270))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.