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.

  • Companies

BYD has chosen voestalpine as its steel supplier for its Hungarian car plant

Chinese car manufacturer BYD has signed a strategic cooperation agreement with leading European steel producer…

Sunday June 29, 2025
  • Companies

Tenaris has begun construction of its second wind farm in Argentina

Tenaris has announced the start of construction of its second wind farm in Argentina, La…

Saturday June 28, 2025
  • Companies

Metinvest has created protective armor for Patriot air defense systems

As part of the Steel Front initiative, Metinvest Group has manufactured and installed special protective…

Saturday June 28, 2025
  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025