In August, Ferrexpo decreased pellets output by 11.2% YoY and by 14.9% MoM, to 870 thousand tons. In January-August, manufacture grew by 1%, to 7.43 million tons. In H2, the company expects an increase in output by 0.5-1 million tons per year, as in H1 modernization of manufacture was carried out. (Ukrainian metal)
In January-July, Ferrexpo increased railroad deliveries to Europe by 81.3% YoY, to 2.3 million tons. Deliveries to ports dropped by 21.3%, to 4.4 million tons. In particular, in 7 months the Zolotnishino station shipped 6.7 million tons of iron ore, down by 2.8%, Batyevo – 544.1 thousand tons, up by 32.7%, Izmail – 668.8 thousand…
In January-June, Ferrexpo increased the share of sales to Central Europe from 21% to 34% and to Western Europe – from 4% to 14%. Sales to the Southeastern Asia, including China, dropped from 68% to 29%. Ferrexpo increased sales to the Northeastern Asia from 3% to 8% and to the Near East, North Africa and…
In January-June, Ferrexpo decreased sales by 9% YoY, to 5.57 million tons. The decrease was due to the growth of stocks in H1 2020. Sales to the Central Europe grew from 21% to 34%, to Western Europe – from 4% to 14%, to the Northeastern Asia – from 3% to 8%, and to the Near…
In January-June, Ferrexpo increased its net profit 2.6-fold YoY, to $661.4 million. Revenue grew by 74.3%, to $1.32 billion. EBITDA went up 2.47-fold, to $868 million. Capital investments amounted to $142 million, up from $96 million in H1 2020. Interim dividends totaled $0.396 per share, up from $0.132. (Ukrainian metal)
In January-June, Ferrexpo increased DR-pellets output by 28% YoY, to 135 thousand tons. In Q2, output totaled 85 thousand tons, up by 70% QoQ, but down by 13% YoY. Overall pellets manufacture decreased by 0.6% YoY, to 5.6 million tons in H1, with 2.8 million tons produced in Q2, down by 0.8% YoY, but up…
In January-June, Ferrexpo increased railroad deliveries to the EU by 69.1% YoY, to 1.9 million tons. Deliveries to ports, on the other hand, dropped by 23.8%, to 3.8 million tons. As a whole, the Zolotnishino station shipped 5.7 million tons of iron ore, down by 6.3% YoY. (Ukrainian metal)
Ferrexpo board of directors has appointed Nikolay Klavdiyev the group chief financial officer. Since 2007, Klavdiyev has been the Poltava Mining and Processing Works CFO. The current acting CFO Roman Palivoda has decided to leave the group after 13 years to have other opportunities of career growth. Klavdiyev will start working from August 4, while…
The state enterprise Yuzhniy Sea Trade Port has almost ceased handling Ferrexpo ore. “We efficiently cooperated with Ferrexpo. Last year, we agreed to increase exports of pellets. But now we do not handle their projects. That’s another step to diversify cargoes”, the port acting CEO Alexander Oleynik said. In January-May, Ferrexpo decreased deliveries to the…
In January-April, Ferrexpo decreased shipments of iron ore raw materials to seaports via railroad by 26.3% YoY, to 0.5 million tons. At the same time, sales to the EU grew by 40.8%, to 1.2 million tons. In particular, the Zolotnishino station shipped 3.7 million tons of iron ore, down by 13.1%. The main volume was…
The Ferrexpo board of directors suggests paying $0.132 per share in final dividends for 2020 compared with $0.033 for 2019. Overall dividends for 2020 will amount to $0.856 per share, as opposed to $0.198 in 2019. Subtracting the special interim dividends announced in Q1, the final payment will be $0.299 per share. The amount of…
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)
Ferrexpo has for the first time shipped its iron ore pellets on board a Newcastlemax ship. The cargo was shipped to China for Baowu. A Newcastlemax has a length of 300 meters and a width of 50 meters and can transport 185 thousand tons of pellets, up by 15% compared with a Capesize. In 2020,…