The Company produced 2.725 million tons of pellets over three months
In Q1 2020, the Ferrexpo Group increased iron ore pellet production by 7.4% to 2.725 million tons compared to the same period of the previous year, according to Ferrexpo’s website.
Over the three months, the Company’s production of 65% Fe high-quality premium pellets increased by 9.1% to 2.652 million tons against 2019, while production of 62% Fe poor-quality pellets fell by31.8% to 73.3 thousand tons.
Third-party raw materials were not used for iron ore pellet production.
Production of high-quality iron ore pellets increased by 1.9% to 10.2 million tons against 2018, whereas production of poor-quality pellets dropped by 41% to 402.83 thousand tons.
In 2019, the Company sold 10.3 million tons of iron ore pellets, up from 2018 (10.2 million tons).
The Ferrexpo Group is the largest producer and exporter of iron ore 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.