Ferrexpo daily pellet output plunges 11.5% m/m in January
15 February 2019
Ukraine’s largest iron ore pellet exporter Ferrexpo
(FXPO LN, FXPOLN) produced 830 kt of pellets in January, which amounts to 26.8
kt per day, an 11.5% m/m decrease, Interfax-Ukraine reported on Feb. 15.
Dmytro Khoroshun: We tentatively expect Ferrexpo’s 2019 production volume to be in line
with the company’s guidance of 10.6 mmt (about 29.1 kt per day), flat yoy. We
retain our neutral view on FXPOLN Eurobonds.
