Ukraine: Ferrexpo output up in H1 2023

In January-June, Ferrexpo increased pellets manufacture by 57% YoY, to 1.967 million tons, and concentrate – by 51%, to 160 thousand tons. In Q2, pellets manufacture grew by 18%, to 1.066 million tons, and concentrate – by 96%, to 106 thousand tons. This was made possible by the resumption of the second pelletizing line operation.…

Ukraine: Ferrexpo to halve carbon emissions

Until 2030, Ferrexpo intends to decrease carbon emissions by 50% in the first and second categories per ton of iron ore produced compared with 2019. So far, the company has decreased emissions by 30%. The first and second categories of emission concern mostly the usage of diesel fuel, electricity and natural gas. These categories accounted…

Ukraine: Ferrexpo income down in 2022

In 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021. The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses. EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million). Capital investments fell to…