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Ferrexpo Trading Update for Q2 & H1 of 2019

Mining News - Published on Mon, 08 Jul 2019

Image Source: Master Investor
Swiss headquartered iron ore company Ferrexpo, with assets in Ukraine, has announced trading update for Q2 of 2019. It produced 2.8 million tonnes of iron ore pellets in Q2 to take the cumulative production in H1 to 5.4 million tonnes. It said “The average C1 cost of production for 1H 2019 is expected to be approximately USD 46 per tonne compared to the average FY 2018 C1 cost of USD 43 per tonne, this is due to Ukrainian inflation and a strong Hryvnia currency against the US dollar.”

000' tonnesQ2 2019Q1 2019QoQYTD 2019YTD 2018YoY
Pellet production from own ore2,813.802,538.7010.85,352.505,081.705.3
- 62% Fe pellets107.5107.50215317.1-32.2
- 65% Fe pellets2,706.302,431.2011.35,137.504,764.607.8
Production from third party materials00014.5
- 62% Fe pellets0000
- 65% Fe pellets00014.5
Total Pellets Produced2,813.802,538.7010.85,352.505,096.205
- 62% Fe pellets107.5107.50215317.1-32.2
- 65% Fe pellets2,706.302,431.2011.35,137.504,779.107.5

In 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%.

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Posted By : Sanju Moirangthem on Mon, 08 Jul 2019
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