iron ore pellets - Latest news GMK Center

The company is seeing significant growth in demand for iron ore concentrate

Due to non-reimbursement of VAT, the company was forced to suspend part of its capacity, which affected its performance

The company cites current market conditions, in particular, an oversupply of sinter

Exports decreased by 40% y/y

Mining companies are forced to make concessions to buyers

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

Over the last 5 years, the world production of DRI has increased by almost 26%

During the first half of the year, the company quickly returned to operation the capacities that were previously stopped

The start-up of the factory is expected in the fourth quarter of 2025

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