Ferrexpo's production falls in first quarter amid maintenance and upgrades of pellet lines
Ferrexpo reported a decline in iron ore pellet production during the first quarter of 2017 as a result of scheduled pellet line maintenance in the first two months of the year.
Ferrexpo
51.50p
16:40 26/04/24
-0.77%
-0.40p
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The Ukraine-focused outfit, which claims to be the world's third largest producer of pellets, saw total first quarter output drop 8.7% quarter on quarter to 2,624 tonnes, which was 9.1% less than in the year-ago period.
Starting on 20 March, the company also began a 55-day pellet line refurbishment.