Ferrexpo daily pellet output rose 4% m/m in July
26 August 2021
Ukraine’s largest iron ore pellet exporter Ferrexpo
(FXPO LN) produced 1,000 kt of pellets in July, which amounts to 32.3 kt per
day, or 4.2% more m/m, according to Concorde Capital’s analysis of the data
reported Aug. 25 by Interfax-Ukraine.
In 7M21, Ferrexpo’s pellet output added 2.9% yoy to
6.56 mmt, or 31.0 kt per day.
Dmytro Khoroshun: Ferrexpo’s
daily production rate should rise to 33-34 kt in 4Q21, resulting in Ferrexpo’s
2021 production volume of 11.5-11.6 mmt (31.6-31.8 kt per day), or 2-4% more
yoy, we expect.
