Ferrexpo
Posts Green steel Dniprovskyi Iron and Steel Works
11 September 2020
Mining and metallurgical companies do not stop implementing projects to reduce pressure on the environment during the crisis
Ferrexpo’s revenue dropped by 1.4%, while net debt fell by 38%
The Company is to launch a new technological complex for production of finished products worth $100 million
Stock reduction encourages production growth
Outlook negative
The Group increased sales of pellets by 21% over the five months
Monthly production exceeded 1 million tons
Health care facilities of Gorishni Plavni, Kremenchuk and Poltava were provided with assistance
The Company produced 2.725 million tons of pellets over three months
The Group’s revenue rose by 18%, while net debt fell by 17%
30 March 2020
Companies are taking action to prevent the spread of the virus and minimize its impact on production
The funds will be spent to purchase ventilators, coronavirus tests and other equipment