Iron ore concentrate production in the same period also increased
In January–August 2020, the Ferrexpo Group ramped up iron ore pellets production by 4% to 7.36 million tons compared to the same period of the previous year, according to Interfax-Ukraine.
In eight months, Ferrexpo increased production of iron ore concentrate by 4.5% to 9.23 million tons.
In August, the Company produced 980 thousand tons of iron ore pellets and 1.19 million tons of iron ore concentrate, while in July, the outputs were 780 thousand tons and 1.04 million tons respectively.
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.
In 2019, Ferrexpo increased iron ore pellet production by 0.8% as against the previous year, to 10.5 million tons. Its last year’s pellet sales amounted to around 10.3 million tons, up from 2018 (10.2 million tons).
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.