Well, Nev Power did say the final three-quarters of 2017 would be tough.
In the immediate wake of the Fortescue chief executive's pretty challenging reset of price expectations for the rest of the year, the "New Force" has reportedly offered October shipments of one of its lower-caste products at a 40 per cent discount to the main iron ore benchmark.
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Matthew Stevens writes on business, specialising in mining, energy and opinion. Matthew is a senior business writer and columnist. Email Matthew at matthew.stevens@afr.com.au
