BUSINESSJul 3 · 10:44 UTCBLOOMBERGAlfred Cang, Katharine Gemmell

China’s State Iron Ore Buyer Extends Restrictions on Fortescue

China’s State Iron Ore Buyer has extended restrictions on Fortescue, the world's No. 4 iron ore exporter. Fortescue's shares nearly tripled in 2016 as iron ore prices recovered, and the company reduced costs and repaid debt.

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China’s State Iron Ore BuyerorganizationFortescue Metals Group Ltd.organizationSolomon HubplacePilbara regionplaceIron Oretopic

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