(c) shutterstock.com
Moody’s, an international credit rating agency, has upgraded Ferrexpo pls’s corporate family rating from B3 to B2. The outlook has changed from positive to negative,
according to Interfax-Ukraine.
“That step follows Moody’s decision to upgrade long-term issuer’s rating and senior unsecured rating of the Ukrainian government from Саа1 to С3,” the agency explains.
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.
In 2019, Ferrexpo increased iron ore pellet production by 0.8% against the previous year — to 10.5 million tons. Its last year’s sales amounted to around 10.3 million tons, up from 2018 (10.2 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.
Metinvest Group's Central Mining and Processing Plant has implemented an infrastructure project that has significantly…
Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May…
Ukraine will need approximately $524 billion to rebuild in the next decade – Visual Capitalist…
Indian steelmaker ArcelorMittal Nippon Steel (AMNS) will receive incentives of up to Rs 28,000 crore…
Kazakh authorities are preparing a six-month ban on the export of steel billets. The Ministry…
In January-April 2025, Austrian steelmakers reduced steel production by 6% compared to the same period…