Fortescue share price tumbles 2.7% to A$21 as iron ore nerves return — what to watch next week
Fortescue shares closed down 2.73% at A$21.00 on Friday, their lowest in a week, amid renewed pressure on iron ore stocks. Investors cited rising costs and uncertainty over China’s steel demand. The company’s half-year results are due Feb. 25. Benchmark iron ore prices held near the mid-$100s per tonne this week.