Головна сторінка
/
Новини
/

Ferrexpo daily pellet output slides 3% m/m in July

Ferrexpo daily pellet output slides 3% m/m in July

16 August 2018

Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO
LN, FXPOLN) produced 912 kt of pellets in July, which amounts to 29.4 kt per
day, a 3.0% m/m decrease, Interfax-Ukraine reported on Aug. 16.

 

During 7M18, Ferrexpo’s pellet output amounted to 6.0
mmt, a 2.0% yoy increase.

 

Dmytro Khoroshun: The 2% yoy
increase in the year-to-date dynamic (vs. a 1.2% decrease for 1H18) might ease
in August because in July 2017, Ferrexpo’s output was very weak at only 751 kt
(23.6 kt per day).

 

We expect Ferrexpo to produce 10.5-10.8 mmt of
pellets in 2018, resulting in 29-30 kt per day and a 1-3% yoy gain. We retain
our neutral view on FXPOLN Eurobonds.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...