Ferrexpo Q1 Iron Ore Pellet Production Down 0.1%

Ferrexpo plc (FXPO.L), a Swiss iron ore company with assets in Ukraine, reported that its total iron ore pellet production for the first quarter of 2022 declined 0.1% year-over-year to 2.7 million tonnes.

Sequentially, iron ore pellet production declined 11% quarter-on-quarter, due to operational and logistical constraints following Russia's invasion of Ukraine.

Total commercial production, comprising pellets & concentrate, for the first-quarter was 2.7 million tonnes, down 2% from last year, while it was down 13% from the fourth quarter.

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