Ferrexpo cuts iron ore pellet output 4.6% in ten months
Ferrexpo plc, whose main assets are Ukrainian iron ore producers Poltava and Yerystove mining and processing plants, reduced commercial iron ore pellet production 4.6% year-on-year in January-October 2016 to 9.258 million tonnes, the company has told Interfax-Ukraine.
Iron ore concentrate production fell 1.9% to 11.721 million tonnes.
Ferrexpo produced 930,000 tonnes of pellets and 1.144 million tonnes of concentrate in October alone.
Pellet output grew 5.6% in 2015 to 11.67 million tonnes.
The London-listed Ferrexpo plc owns 100% of Ferrexpo AG, which owns 97.43% of Poltava Mining and 100% of Yerystove Mining. It also owns 99.9% of Belanovo Mining, which is at the design stage.
Ferrexpo's main consumers are steelmakers in Austria, Serbia, Slovakia, the Czech Republic, Germany and other European countries, as well as China, India, Japan, Taiwan and South Korea.
