Business news from Ukraine

FERREXPO RAISES PELLET OUTPUT BY 3%

7 October , 2020  

British-based Ferrexpo plc, which controls in Ukraine, in particular, Poltava and Yeristovo mining and processing plants (GOK), in January-September 2020 increased total production of pellets by 3% compared to the same period in 2019, to 8.134 million tonnes.
According to a press release, total production of pellets with 65% Fe (iron content), including a trial shipment of Ferrexpo Direct Reduction pellets with 67% Fe in the first half of 2020, amounted to 8.036 million tonnes (up by 6%) for the period, with 62% Fe some 98,000 tonnes (a decrease by 68%).
At the same time, production of pellets from third-party raw materials was not carried out.
In Q3, 2020, total pellet production decreased by 12% compared to Q2, 2020, to 2.537 million tonnes from 2.873 million tonnes due to the planned repair of the pelletiser in early September 2020. In Q3 no pellets with 62% Fe were produced.
“Ferrexpo’s operations continued to operate with minimal impact during Q3, 2020 due to the global COVID-19 pandemic. The company continues to ensure all appropriate precautions are being followed for the health and wellbeing of its workforce, including the company’s own programs testing for the COVID-19 virus and associated antibodies,” the document reads.
“The company’s additional concentrator section was completed in Q3, 2020, with commissioning and ramp up of this additional processing capacity to progress in Q4, 2020,” it says.

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