Ferrexpo

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Investments in development: steel sector continues to invest during the war

Companies implement projects that are critical for production

Production of green steel: Ferrexpo expands cooperation with German Salzgitter

The companies signed a memorandum of understanding for the supply of high-quality direct reduction iron ore pellets

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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

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