Ferrexpo

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Ferrexpo estimates decarbonisation could cost up to $3.3 bln

Main part of investments will relate to implementation of green hydrogen and solar power technologies

Dmytro Spatar: Ferrexpo was helped by long-term contracts and traditionally diversified logistics

How the company adapted to logistical restrictions in the situation of blocking sea ports

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Ferrexpo set more ambitious decarbonization targets

The company intends to reduce Scope 1 and Scope 2 emissions by 50% till 2030

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Ferrexpo paid employees an additional financial incentive for 2022

During the year, the company implemented a number of measures to maintain a decent level of remuneration for employees

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Ferrexpo average salary in 2022 exceeded industry average by 41%

The average salary of an employee of the company amounted to UAH 21.4 thousand in 2022

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Ferrexpo more than doubled its production volume in the first quarter

Better electricity supply and the launch of the second pelletizer line enabled the output increasing

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How the year of the war affected Ukrainian steel industry: the state and risks

Despite all the problems, industry enterprises are ready to restore production

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Ferrexpo invested $161 mln in 2022

Total Group's CAPEX amounted to $3.3 bln during 2007-2022

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Ferrexpo paid UAH 6.3 billion taxes in 2022

The Group provided 64% tax revenues of the local community

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Ferrexpo increased its share of pellet imports to Europe to 27% in 2022

The company notes an increase in demand for pellets from European steelmakers in the 1Q 2023

Ferrexpo has launched a second pellet line

It will allow to reach 50% capacities utilization

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Ferrexpo raised the share of DR-pellets in output to 6%

Ferrexpo facilities are flexible for producing BF-pellets or DR-pellets

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