Ferrexpo has announced the suspension of capital investments in increasing output volumes by 25% for the duration of the war.
When the situation improves, the projects will be resumed.
In three years, pellets output is expected to grow by 3 million tons.
Ore extraction will increase from 125 million tons in 2020 to 265 million tons, with investments amounting to $180 million.
Investments in crushing machinery capacity increase to over 45 million tons per year will total $240 million. (Ukrainian metal)