Ferrexpo - Latest news GMK Center
From October 11, 2022, the company had to suspend capacity due to massive damage to the Ukrainian energy infrastructure
11 October 2022
The Ferrexpo company temporarily stopped production at its enterprises, and ArcelorMittal Kryvyi Rih limited capacity. Metinvest enterprises are focused on preventing emergency situations that could potentially arise due to the lack of a stable power supply
In the third quarter of 2022, production fell by 68% y/y – to 839 thousand tons
The works are planned to be carried outin the part of the filtering and averaging building of the concentrate “1, A and No. 2, B".
But Fitch also notes the company's satisfactory liquidity and expects free cash flow in 2022-2024 to be neutral
In particular, they became truck drivers, craftsmen, mechanics and medical personnel
Opinions Infrastructure logistics
09 July 2022
Non-considered steps in finances and logistics can create additional risks for the industry
During the same period, the company's sales fell by 21% due to difficult logistics
Before, the company owned 5.67% of Ferrexpo shares
In five months, the company produced 4.4 million tons of products
Poltava hosted more than 113 thousand internally displaced people, of which more than 60 thousand children of different ages
Posts Industry Ukraine’s mining & metals sector
13 May 2022
Humanitarian aid to Ukrainian companies in the mining & metals complex has reached more than $87 million