Ferrexpo’s production of iron ore pellets was record high in April

Monthly production exceeded 1 million tons

In April 2020, the Ferrexpo Group ramped up production of iron ore pellets by 12% to 1.06 million tons against April last year. This is a record high figure throughout the Company’s history,

according to a report of the Company’s press service to GMC Center.

“Despite the COVID-19 pandemic, Ferrexpo managed not only to maintain the planned production results, but also to increase production of iron ore pellets in April to a record level,” the Company said.

In January–April 2020, the Ferrexpo Group increased iron ore pellet production by 8.8% to 3.8 million tons compared to the same period of the previous year. Sales grew by 28% to 4.1 million tons.

In 2019, the Group cut iron ore pellet production by 0.8% to 10.5 million tons against 2018. Its last year’s pellet sales amounted to around 10.3 million tons, 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.