Fortescue Metals Group has hit back at naysayers who maintain the price discounts applied to lower grade iron ore are here to stay.
Fortescue chief executive Elizabeth Gaines said Fortescue stood by its view that the discounts were cyclical and that the widening price gap between high and low-grade product would eventually narrow.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
