Ukraine: Ferrexpo’s pellet production falls 13% in Q1CY’22

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Ferrexpo recorded total pellet production at 2.7 mnt in Q1CY’22, down 13% q-o-q due to operational and logistical constraints following Russia’s invasion of Ukraine.
The company’s production of pellets of Fe 65% and above represented the total output in Q1CY’22.
Net sales stood at 2.6 mnt, with the company scaling up its production to meet pellet demand.

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