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Ferrexpo boosts production by 6% after line refurbishment

The Ukraine-based operation produced 2.66mln tonnes of pellets in the three months to September

steel
Iron ore is used to make steel

Iron ore pellet group Ferrexpo PLC (LON:FXPO) increased its production by 6% in its latest three months.

The Ukraine-based operation made 2.66mln tonnes of pellets in the three months to September.

READ: Ferrexpo shares advance as Barclays sees iron pellet premiums rising

Nearly all of the increase was in higher grade 65% iron pellets, where Ferrexpo produced 2.49mln tonnes.

Total pellet production for the first nine months of 2018 was 7.76mln tonnes or 1.3% above this time last year.

Iron ore pellets are used to manufacture steel.

 

 

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Price: 187.5536 GBX

LSE:FXPO
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Market Cap: £11.55 m
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