Fortescue bullish on Chinese steel

Miner has long-term confidence in the country and its demand for steel.

Fortescue Metals Group (FMG) says it has long-term confidence in the Chinese market as urbanisation drives demand for steel.

Addressing shareholders at the miner's annual general meeting, chief executive officer Nev Power said Fortescue has now become a reliable, mainstream supplier to the Chinese steel industry. 

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