Ferrexpo

Ferrexpo reduced pellet production by 34% y/y in 1H2025

Due to non-reimbursement of VAT, the company was forced to suspend part of its capacity, which affected its performance

Ferrexpo – among the leaders of the European market and climate transformation

The company has been included in the FT and Statista Europe's Climate Leaders ranking for the third time in a row

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The government hasn’t been able to fix the problem of late VAT refunds yet

It's likely that the issue of VAT refunds will stay relevant until the war is over

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Ukraine has the potential to become part of Europe’s green course – Ferrexpo

The company is ready to offer European steelmakers high-purity pellets for the production of green steel

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Ukraine reduced iron ore exports by 13% y/y in January-May

Key volumes of raw materials were sent to China, Slovakia, and Poland

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Ferrexpo shut down two pelletizing lines due to non-refund of VAT – CFO

The situation has led to a decrease in production and a reduction in tax contributions and social spending

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Ferrexpo is ready to meet EU demand for DR pellets – Blonska

The company declares its readiness to supply raw materials for green steel to European producers

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Investment climate in Ukraine expected to deteriorate in 2025

Post-war reconstruction is impossible without investment, which requires predictability, stability and security

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Ukraine’s iron ore exports: why are they falling?

The losses of the Ukrainian economy and budget may turn out to be much higher than previously forecasted

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Ferrexpo maintains capital expenditures at $102 mln in 2024

Despite the war, the company continued investing in strategic projects during 2024

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Ferrexpo increased income tax payments in Ukraine by one-third in 2024

Despite war-related challenges, the company continues to fund humanitarian and social initiatives

Untimely VAT refund is a systemic problem for Ukrainian economy and steel sector

Iron and steel exporters are being stripped of vital working capital due to questionable actions by Ukrainian tax authorities

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