14
Jun
12:04
Ferrexpo reduces production amid logistics problems, inventory build-up
Ukraine-based Ferrexpo’s iron ore pellet production declined in January-May to 4.4 million tonnes, down by 8% on-year, Kallanish notes.
The main reason for the drop were operational and logistical constraints following Russia’s invasion of Ukraine, which are persisting, the enterprise claims.
From March to May, about 400,000t of pellet accumulated in the company's warehouses due to logistical restrictions. Ferrexpo intends to reduce stocks as…
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Anonymous
Very good overview of the weekly steel market.
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