Business news from Ukraine

FERREXPO ENTERS TOP THREE WORLD’S LARGEST PRODUCERS AND EXPORTERS OF PELLETS IN 2015

30 March , 2016  

KYIV. March 30 (Interfax-Ukraine) – British-based Ferrexpo Plc, which controls Poltava and Yerystove processing plants in Ukraine (Poltava GOK and YeGOK), in 2015 ranked third among the world’s largest producers and exporters of pellets for blast furnaces, reaching a volume of production and exports of 11.7 million tonnes.

According to a press release from the company, the top five world leaders in terms of production and exports of pellets for blast furnaces include such vendors as Vale (Brazil, Oman) with the production of 23.9 million tonnes of pellets in the same period, LKAB (Sweden) with 13.7 million tonnes, Ferrexpo with 11.7 million tonnes, Metalloinvest (the Russian Federation) with 7.4 million tonnes and Cliffs (the United States) with 7.1 million tonnes.

It is noted that Ferrexpo expects an increase in the demand for pellets for blast furnaces in the long term due to the increased demand on the part of metallurgical enterprises for high-quality products. This will provide for the reduction of emissions of harmful substances into the environment and improve the quality of finished products.

As reported in a company annual report, in 2015 pellet production increased by 6%, to 11.7 million tonnes (in 2014 the figure stood at 11.08 million tonnes).