Ferrexpo daily pellet output rises 4% m/m in February
18 March 2020
Ukraine’s largest iron ore pellet exporter Ferrexpo
(FXPO LN) produced 947 kt of pellets in February, which amounts to 32.7 kt per
day, a 3.6% m/m increase, according to our analysis of data reported by
Interfax-Ukraine on Mar. 17.
In 2M20, Ferrexpo’s pellet output amounted to 1.92 mmt
(32.1 kt per day), 13.7% more yoy.
Dmytro Khoroshun: We tentatively expect Ferrexpo’s 2020 production volume to be
10.7-11.5 mmt (29.2-31.7 kt per day), or up to 9% more yoy. The recent
production volume guidance from the company was for a 9.3% yoy increase to 11.5 mmt (31.4 kt per day) in 2020.
