Ukraine: Ferrexpo’s pellet production falls nearly 70% in Q3CY’22

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Ferrexpo, one of the world’s leading pellet exporters, reported total pellet output at 0.84 mnt in Q3CY’22, down 68% y-o-y and 60% q-o-q due to the ongoing war crisis in Ukraine and associated logistical limitations.
Sales fell by 65% y-o-y to 1 mnt in Q3CY’22.
The company’s production of high-grade pellets increased by 35% in Q3CY22 constituting around 31% of total pellet production.

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