Ferrexpo first quarter output up 2%
Ferrexpo
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16:40 23/04/24
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Iron ore miner Ferrexpo said first quarter production rose slightly, reflecting the impact of ongoing pelletiser upgrade work on output.
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The company on Thursday reported iron ore pellet production of 2.8m, up 2% year on year and 12% below the final quarter of 2020.
Production of high-quality pellets represented 100% of total output in the first quarter, up from 97%, it added.
Ferrexpo said upgrade work was completed on one pelletiser line in the first quarter of 2021 and further work was underway. It guided for a rise in pelletiser capacity 0.5m – 1m tonnes a year after completion of the upgrades.