Plus   Neg

Ferrexpo Q3 Pellet Production Sequentially Declines; Cuts FY Production View

Ferrexpo plc (FXPO.L) reported that its total pellet production for the third-quarter of 2019 declined 9.8% to 2.54 million tonnes from 2.81 million tonnes in the second-quarter of 2019.

Total pellet production for the nine-month of 2019 grew 1.7% from the prior year.

The company said its full year production will likely be in the range of 10.4 million tonnes to 10.6 million tonnes compared to the previous guidance of 10.6 million tonnes, citing the current market environment.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Uber Technologies Inc. (UBER) said Monday that it laid off about 350 employees across several different teams, as part of its final phase of layoffs of the process it began earlier this year. Porsche unveiled a cheaper version of its Taycan all-electric sports car, Taycan 4S. This is the third version of the sports saloon after Taycan Turbo S and Taycan Turbo launched in September. According to Porsche, Taycan 4S is now the new entry-level model in the Taycan series. The new model is available is two versions based on battery sizes. Howard University and Amazon Studios have jointly launched Howard Entertainment. The program is meant to give African-American students and other marginalized populations such as Latinx and Native American students an opportunity to train and study alongside executives in the entertainment industry. The program will begin in January 2020.
Follow RTT