iron ore pellets

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

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

During the war, the company implemented another large-scale investment project

India accounted for more than 36% of the total production of direct reduction iron

Total iron ore production amounted to 4.15 million tons

Production of iron ore concentrate decreased by 49% y/y in 9 months

During the third quarter, the company stockpiled pellets before the winter period to reduce risks

In 2019, DRI production amounted to 112 million tons, and in 2022 – about 125 million tons

Currently, iron ore raw materials produced at the Northern Mining are ordered by steelmakers from Slovakia, Poland, Romania and Serbia

Thanks to the project, the plant increased the quality of pellet production and gained the opportunity to enter new sales markets of iron ore

Iron ore exports may weaken in Q3 due to rainy season in China and low demand for steel

In 2022, global production of this product was 550 million tons