Ferrexpo increased railway shipments to Europe by 81% in 7M

Conversely, shipments to ports fell by 21.3%

In January–July 2021, the Ferrexpo Group increased railway shipments to Europe by 81.3% to 2.3 million tons y-o-y. Conversely, shipments to ports fell by 21.3% to 4.4 million tons, according to the data of the Ukrzaliznytsia (Ukrainian Railways) JSC’s Main Information and Computing Center published on the Open Data Portal.

A total of 6.7 million tons of iron ore was shipped from Zolotnyshyne railway station in 7M, 2.8% down from the same period of 2020.

In terms of products, most were shipped to Pivdennyi Seaport through the following railway stations:

• Beregova — 223.1 thousand tons (90.3% down from January–July 2020);
• Chornomorska — 4.2 million tons (+26.1%).

Since June, no products have been shipped to Beregova railway station for the state stevedore, Pivdennyi.

Ferrexpo supplied a smaller part of its products to Europe through the following railway stations:

• Batievo — 544.1 thousand tons (32.7% up from January–July 2020);
• Izmail — 668.8 thousand tons (+97.8%);
• Chop — 882.4 thousand tons (+91.9%);
• Uzhhorod — 170 thousand tons (+311.3%).

The share of railway shipments of products to distant markets (Beregova and Chornomorska railway stations) was 66.3% in 7M, 15.6 pp. down from January–July 2020. The share of railway shipments to Europe (Batievo, Chop, Izmail, and Uzhhorod railway stations) in 7M was 33.7% of the total volume of shipped products.

As reported earlier, in 2020, Ferrexpo increased production of iron ore pellets by 7% to 11.218 million tons y-o-y. The Group’s sales of iron ore pellets grew by 17.5% to 12.1 million tons.

In 2020, Ferrexpo increased railway shipments to sea ports by 32% to 9.24 million tons y-o-y. Conversely, shipments to the EU countries fell by 33.7% to 2.6 million tons.