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Electrical|Iron Ore|Power|Products|Infrastructure|Operations
electrical|iron-ore|power|products|infrastructure|operations

Ferrexpo partially resumes production in Ukraine

1st November 2022

By: Creamer Media Reporter

     

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LSE-listed Ferrexpo has partially resumed production activities at its operations in central Ukraine, the iron-ore pellet producer announced on Tuesday.

The company suspended production in October, following Russian missile strikes on State-owned electrical infrastructure.

Ferrexpo reported that the supply of power to its operations, however, remained variable and limited, which had an impact on the effectiveness of production. As a result, the group is drawing down on its stockpiles of finished iron-ore products to maintain supplies to its customers.

The company stated that it had sufficient stockpiles to meet customer demand.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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