1Q Production Report 2018

RNS Number : 8571J

Ferrexpo PLC

05 April 2018

 

Ferrexpo plc

Production for 1Q 2018

5 April 2018

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company")

Production for 1Q 2018

Summary:

·   Total 1Q 2018 pellet production of 2,585 thousand tonnes (1Q 2017: 2,624 thousand tonnes)

·   In 2Q 2018 pellet line number 1 will be refurbished over approximately 65 days

000' tonnes	Q1 2018	Q4  2017	Change	YTD 2018	YTD 2017	Change
			%			%
Pellet production from own ore	2,570.70	2,763.18	-7.0	2,570.70	2,612.41	-1.6
- 62% Fe FBP	149.90	144.20	4.0	149.90	151.60	-1.1
- 65% Fe FPP (incl. FPP+)	2,420.80	2,618.98	-7.6	2,420.80	2,460.81	-1.6
Production from third party materials	14.50	28.02	-48.3	14.50	11.59	25.1
- 62% Fe FBP	0.00	0.00	-	0.00	0.00
- 65% Fe FPP (incl. FPP+)	14.50	28.02	-48.3	14.50	11.59	25.1
Total Pellets Produced	2,585.20	2,791.20	-7.4	2,585.20	2,624.00	-1.5
- 62% Fe FBP	149.90	144.20	4.0	149.90	151.60	-1.1
- 65% Fe FPP (incl. FPP+)	2,435.30	2,647.00	-8.0	2,435.30	2,472.40	-1.5

Note: Ferrexpo Basic Pellets (FBP), Ferrexpo Premium Pellets (FPP) and Ferrexpo Premium Pellets plus (FPP+).

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3^rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

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