Ferrexpo reduced production of iron ore pellets by 3.4% in 2M 2021

The Company produced 1.86 million tons of pellets in 2M

In January–February 2021, the Ferrexpo Group decreased production iron ore pellets by 3.4% to 1.86 million tons compared to the same period of the previous year, according to Interfax-Ukraine.

In February, the Group produced 812 thousand tons of pellets.

As reported earlier, Ferrexpo expects an increase in iron ore pellets production in H2 2021 due to the modernization of its production facilities. The Company is going to upgrade the pelletizer, which will enable an increase in the annual output of iron ore pellets by 0.5–1 million tons.

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.

In 2020, Ferrexpo increased production of iron ore pellets by 7% to 11.218 million tons against the previous year. Concentrate production grew by 5.9% to 14 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.