Ukraine: Ferrexpo’s pellet production falls over 25% in Q2CY22

  • Ferrexpo plc, one of the world’s largest pellet exporters, recorded total pellet production at 2.10 mnt in Q2CY22, down 28% y-o-y as a result of the ongoing conflict in Ukraine and associated logistics constraints.
  • Net sales, too, fell by 21% y-o-y to 4.4 mnt in H1CY22.
  • The company produces higher grade pellets of Fe 65% and above.

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