Ferrexpo daily pellet output drops 2% m/m in November
21 December 2021
Ukraine’s largest iron ore pellet exporter Ferrexpo
(FXPO LN) produced 985 kt of pellets in November, which amounts to 32.8 kt per
day, or 1.7% less m/m, according to Concorde Capital’s analysis of the data
reported on Dec. 20 by Interfax-Ukraine.
In 11M21, Ferrexpo’s pellet output inched up 0.2% yoy
to 10.18 mmt, or 30.5 kt per day.
Dmytro Khoroshun: Ferrexpo’s
daily production rates will be at least around 33-34 kt in the coming months,
we expect.
We are maintaining our estimate for Ferrexpo’s 2021
pellet production volume at 11.2 mmt (30.7 kt per day, unchanged yoy).
