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China Restricts Fortescue Iron Ore

OBBM Network Editorial Staff
July 1, 2026
China Restricts Fortescue Iron Ore

China’s state iron ore buyer has asked domestic steel mills not to take delivery of certain portside iron ore products from Fortescue, industry sources said. This move escalates China’s campaign to assert control over the iron ore market.

Impact on Fortescue

Fortescue ships most of its iron ore to China and is still negotiating supply terms with China Mineral Resources Group (CMRG). The restrictions apply to Fortescue’s Super Special Fines and Fortune Fines, both lower-grade iron ore products.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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