Dec 8 (Reuters) - Fortescue Metals Group Ltd FMG.AX
* Asx alert-debt reduction to continue as FMG recognised as lowest cost
* "At current iron ore prices we are generating strong cash flows and we will continue to repay our debt"
* Reconfirms its previously announced debt reduction strategy Source text for Eikon: ID:nASX4zdKFD Further company coverage: FMG.AX