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Ferrexpo reports significant average DAF/FOB pellet price increases

Ferrexpo reports significant average DAF/FOB pellet price increases

27 May 2010

Ferrexpo (LSE: FXPO LN), in a statement released ahead of its AGM later today, announced that it has already or expects to secure significant average DAF/FOB price increases for its pellets in 2Q10 inline with international pricing for its products, well above prices in 1Q10. The company said that iron ore demand YTD has been very strong. Ferrexpo said it continues to operate at full capacity and producted 3.2 mln mt of pellets as of April 30, 2010, a 20.3% yoy increase.

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