Ferrexpo
In the fourth quarter of 2022, production fell by 86% y/y – to 417 thousand tons
The cost of vehicles allocated free of charge amounted to $3.5 million
The decrease in production is caused by the forced shutdown of capacities in October 2022 due to interruptions in energy supply
The company has already achieved a 30% reduction in emissions in categories 1 and 2 compared to the base year of 2019
Since the beginning of the war, the fund has provided assistance to 5 million people and 7 regional centers of Ukraine
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