Ferrexpo

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Ferrexpo outlines the main tax problems of mining companies

Among them are the blocking of tax invoices, environmental taxation and complicated reporting on assistance to the Armed Forces

Ferrexpo paid over UAH 1.9 billion in taxes and fees in 2023

Poltava GZK, Yeristiv GZK and Bilaniv GZK paid UAH 1.93 billion in taxes and fees in 12 months of 2023

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Ferrexpo decreased total carbon emissions by 32% in 2023

The company continues studying options to reduce carbon intensity

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In 2023 safety performance of Ferrexpo remained strong

The health and safety of the workers is the Group’s primary concern

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Ferrexpo doubled pellet production in Q1

By resuming exports by sea, the company managed to increase exports and expand their geography

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Ferrexpo invested $101 million in 2023

Company’s capital expenditures reached 77% of the EBITDA

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Ferrexpo plans to build a new solar power plant for its Minings

Currently, the enterprise already operates a 5 MW SPP

Problems with energy supplies did not lead to lower production in steel industry

Due to the risks of new strikes on the energy infrastructure, no one can guarantee the stability of power supply

Ferrexpo plans to restore pre-war export volumes to Japan within 3 years — Japanese Nikkei

Before the full-scale invasion, Ferrexpo accounted for 10% of Japanese demand

Challenges for Ukrainian iron and steel industry in 2024

Supporting export potential, staffing and ramping up production remain the main issues for Ukrainian steel sector

Ferrexpo has allocated UAH 946.5 million for humanitarian support to Ukraine since the beginning of the war

The company delivered hundreds of tons of products to Kharkiv and helped Kherson region after the Kakhovka HPP dam was blown up

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