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Could the latest China trade data be a good sign for the Fortescue share price?

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Update time : 2023-06-15 16:41:18

The Fortescue Metals Group Ltd (ASX: FMG) share price has fallen slightly in the last year, but how will China’s steel demand impact iron ore sentiment?

Fortescue shares have slid 4.36% in the last year. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has jumped 0.02% in the past year.

Let’s take a look at the outlook for the Fortescue share price.

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