Ferrexpo - Latest news GMK Center
The Group provided 64% tax revenues of the local community
The company notes an increase in demand for pellets from European steelmakers in the 1Q 2023
It will allow to reach 50% capacities utilization
15 March 2023
Ferrexpo facilities are flexible for producing BF-pellets or DR-pellets
Since the start of the full-scale invasion, 5 million people in 8 regions have received aid through the company's Humanitarian Fund
According to the project, the shelter will accommodate 400 people
According to analysts' estimates, companies will be able to maintain sufficient liquidity after 2023
In the fourth quarter of 2022, production fell by 86% y/y – to 417 thousand tons
The cost of vehicles allocated free of charge amounted to $3.5 million
The decrease in production is caused by the forced shutdown of capacities in October 2022 due to interruptions in energy supply
The company has already achieved a 30% reduction in emissions in categories 1 and 2 compared to the base year of 2019
Since the beginning of the war, the fund has provided assistance to 5 million people and 7 regional centers of Ukraine