Ferrexpo - Latest news GMK Center

The losses of the Ukrainian economy and budget may turn out to be much higher than previously forecasted

Despite the war, the company continued investing in strategic projects during 2024

Despite war-related challenges, the company continues to fund humanitarian and social initiatives

Iron and steel exporters are being stripped of vital working capital due to questionable actions by Ukrainian tax authorities

Suspension of VAT refunding will lead to decreased production in further months

The company has supported and continues to support more than 100 humanitarian and social initiatives

Steel sector may lose jobs, export revenues and investments due to fiscal restrictions

Priority decarbonization measures include transitioning to biofuel in pelletizing, eliminating fossil fuels, and electrifying mining vehicles

Total production of pellets surged by 58% y/y

Since the beginning of the full-scale invasion, Ukrainian steel companies have been leaders in helping citizens and the country, and this work continues

Crude steel output in 2024 exceeded expectations, but the next year output could fall by 9%, exports by 16%

In Q3, production declined due to pressure from high production and logistics costs and lower iron ore prices