LONDON (dpa-AFX) - Ferrexpo PLC (FXPO.L), a producer of iron ore pellets,
Monday said its production for the first half increased 75 percent year-on-year
to 3.73 million tonnes

The company produced 3.3 million tonnes of pellets and 429,865 tonnes of
concentrate during the first six months period.

On a quarter-over-quarter basis, production declined 19 percent to 1.67 billion
tonnes, comprising 1.48 million tonnes of pellets and 189,038 tonnes of
concentrate.

'Although we have taken the opportunity to produce, export and sell more, the
higher iron ore prices which we benefited from in the first quarter have not
extended into the second quarter. This, combined with higher electricity prices
has seen margins reduce as we moved into the end of the second quarter.' said
Lucio Genovese, Interim Executive Chair.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX