Ferrexpo suspends production and exports due to shelling of Ukraine’s power grid

Ferrexpo, an iron ore producer with assets in Ukraine listed on the London Stock Exchange, announced a temporary suspension of production and export of iron ore products due to damage to energy infrastructure as a result of Russian missile strikes in the Poltava region.

According to the company’s official statement, on the night of November 8, 2025, the strikes targeted power generation and transmission facilities in Horishni Plavni, where Ferrexpo’s production facilities are located, as well as in neighboring Kremenchuk. As a result of the strikes, the power supply to the city was interrupted, causing Ferrexpo Poltava Mining (Poltava Mining and Processing Plant) and Ferrexpo Yeristovo Mining (Yeristovo Mining and Processing Plant) to halt operations.

The company emphasized that there were no casualties or injuries among its employees. After the incident, power supply is gradually being restored, in particular, part of the electricity has already been restored, and some sections of the enrichment plant are back in operation.

Ferrexpo notes that it prepared in advance for possible disruptions and created reserves of intermediate and finished products both at production sites and in other logistics locations to minimize the impact on exports. At the same time, the company acknowledges that production and shipments will be temporarily limited until a stable power supply is restored.

“Work to restore capacity is ongoing. The company will provide updated information when appropriate,” the statement said.

As a reminder, during the third quarter of 2025, Ferrexpo reduced its pellet production by 22.3% compared to the previous quarter, to 638.96 thousand tons. Concentrate output increased by 36.1% quarter-on-quarter to 871.32 thousand tons. The company is currently operating only one production line.