In January Ferrexpo decreased pellet production by 11.8%
British Ferrexpo plc, controlling in Ukraine, in particular, Poltava and Ferrexpo yeristovo mining complexes (PGOK and EGOK), in January 2017 decreased the production of commercial pellets, according to preliminary data, by 11.8% compared to the same period of 2016 – up to 900 thousand tons.
As have informed Agency “Interfax-Ukraine” the representative of the company, during this period the company reduced concentrate production by 15.9% to 1,051 million tonnes.
Ferrexpo in 2016 has reduced the output of pellets of its own raw materials by 1.7% compared to 2015 year – on-year to 11 million 71,40 tons of third-party – 68% to 129,20 thousand tons. Overall, this led to the reduction of the total pellet production for the year by 4% compared to 2015 year – on-year to 11 million 200,6 thousand tonnes (2015 – 11 661,60 million tons) .
Thus in 2016 the total production of pellets with 65% iron content amounted to 10,535 million tons (growth on 1,6%), with 62% m – 665,6 thousand tonnes (down 48.6%). Including the production of pellets with 65% iron content from its own raw materials amounted to 10 million 405,8 thousand tons (growth on 4,4%), with 62% m – 665,6 thousand tons (a decrease of 48.4%).
The decline in pellet production in 2016 is associated with increase of 1 million tonnes production of premium pellets.
Ferrexpo is a Swiss iron ore company with assets in Ukraine. The main activity is the manufacture and export of high quality iron ore pellets used in steel production.
Ferrexpo group is the largest producer and exporter of pellets among countries b. Of the Soviet Union. Current production assets – Poltava and Eristovsky GOK.
In 2016 it produced 11.2 million tons of iron ore pellets.
The main customers are steel mills from Austria, Slovakia, Czech Republic, Germany and other European countries as well as from China, India, Japan, Taiwan and South Korea.
Ferrеxpo plc owns 100% of Ferrexpo AG, which in turn, belongs of 99.02% shares of Poltava GOK and 100% of the shares by Ferrexpo yeristovo mining.
Shares of Ferrexpo is listed on the main market of the London stock exchange under the Ticker FXPO.