It is reported that Ukrainian iron ore producers decreased their pellets output by 10.6% MoM maintaining iron ore concentrate production at previous month level. The Central Mining and Processing Works has shown the largest slump in the production of pellets, down by 46% MoM.
According to a Millennium Capital analyst “The news is neutral for the Ukrainian iron ore producers as the pellets output slump is temporary due to their stable concentrate output which indicates the intention to maintain previous output. Despite a 10% hike in iron ore concentrate extraction, the Central Mining and Processing Works has cut pellet production by almost half due to the scheduled repairs of its only pellet-making machine that took second half of the September. The production should resume and catch up lost volumes in November.” (Millennium Capital)
Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/
