Ferrexpo to increase pellet production by 9.5% in 2020

In 2020, Ferrexpo Corporation plans to increase production of iron ore pellets by 9.5% to 11.5 million tons against the previous year,

reported Ferrexpo People.

Among other things, Ferrexpo plans to increase production of premium iron ore pellets by 8.6% against 2019, to 11.08 million tons.

In 2020, the company plans to make a 100% shipment of raw materials under its current contracts.

In 2019, Ferrexpo Group decreased production of iron ore pellets by 0.8% against the previous year, to 10.5 million tons. Its pellet sales volume in 2019 amounted to around 10.3 million tons, up from 2018 (10.2 million tons).

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.

As reported earlier, after the ratings upgrade by Moody’s and Fitch, Ferrexpo’s stock quotations on the London Stock Exchange grew from £1.438 up to £1.475.

  • Industry

British industrialists call on the government for a trade deal with the United States

British manufacturers will start cutting jobs “within weeks” if the government fails to strike a…

Sunday April 27, 2025
  • Companies

Hydnum Steel to receive €60 million to build green steel plant in the Pyrenees

Spanish manufacturer Hydnum Steel (HS) will receive €60 million to build the first green steel…

Sunday April 27, 2025
  • Companies

Kametstal hired 109 young specialists under the First Job Program

More than a hundred young specialists have already found their professional start at Kametstal thanks…

Saturday April 26, 2025
  • Industry

The National Bank expects lower prices for billets and iron ore in 2025

The National Bank of Ukraine (NBU) estimates that by 2025, average prices for steel billets…

Friday April 25, 2025
  • Global Market

India aims to increase steel production to 500 million tons per year

Indian Prime Minister Narendra Modi has called on steelmakers to strive for zero steel imports…

Friday April 25, 2025
  • Global Market

The EU imported 408.1 thousand tons of DRI in January-February

In January-February 2025, the European Union reduced imports of direct reduced iron (DRI) by 30.9%…

Friday April 25, 2025