The Company ramped up sales by 17% over the year
In 2020, the Ferrexpo Group increased iron ore pellets production by 7% to 11.2 million tons compared to 2019, according to the financial results published on the Group’s website.
The share of high grade pellets (65% Fe and above) increases by 3 pp to 99% against 2019.
In 2020, the Company sold 12.1 million tons of iron ore pellets, 17% up from 2019. The Group remains the world’s third largest exporter of iron ore pellets in terms of volumes.
The Ferrexpo Group is the largest producer and exporter of pellets among the former Soviet Union countries. Its production assets include Poltava Mining and Yeristovo Mining.
Ferrexpo plc holds 100% of shares in Ferrexpo AG, which, in its turn, owns 100% of shares in Poltava Mining and 100% of shares in Yeristovo Mining.