The Ukrainian Metal

Ukraine: Ferrexpo plc 2014 results

In 2014 Ferrexpo plc, owner of the Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK), increased its output of pellets of its own raw materials by 2%, to 10670.54 thousand tons, and those of purchased raw materials – by 1%, to 350.86 thousand tons, all YoY.

This resulted in the overall increase of pellets manufacture by 1.9%, to 11021.3 thousand tons.

65% iron content pellets output increased by 16.3%, to 5803.2 thousand tons, that of 62% iron content decreased by 10.4%, to 5218.1 thousand tons, all YoY.

PGOK iron ore pellets output fell by 13.5%, to 7262.41 thousand tons, while that of EGOK iron ore rose by 64.9%, to 3408.04 thousand tons, YoY.

At the same time, says company, December 2014 pellets output fall to 144 thousand tons was caused by electricity shortages. (Ukrainian metal)

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