Production report for 2Q 2020

RNS Number : 1786S
Ferrexpo PLC
07 July 2020
 

Ferrexpo plc

Production report for 2Q 2020

 

 

 

7 July 2020

 

Ferrexpo plc

("Ferrexpo", the "Group" or the "Company") Production report for 2Q 2020

Summary:

· COVID-19 update: The Company's facilities continue to operate with minimal impact on operations to date, and the Company continues to closely monitor its workforce. The infection rate in the local communities surrounding the Company's operations remains low.

· The Company has maintained its good safety performance indicators into 2020, with no fatalities in 1H 2020 and the Group lost time injury frequency rate continues to remain below 1.0x.

· 2Q 2020 pellet production up 5% to 2.9MT (1Q 2020: 2.7MT).

· 1H 2020 pellet production up 5% to 5.6MT (1H 2019: 5.4MT).

· 1H 2020 sales volumes increased by c.21% to 6.1MT (1H 2019: 5.0MT), reflecting de-stocking.

 

 

000' tonnes

2Q 2020

1Q 2020

Change

YTD 2020

YTD 2019

Change

%

%

Pellet production from own ore

2,872.6

2,725.3

+5.4

5,597.9

5,352.5

+4.6

- 62% Fe pellets

24.7

73.3

-66.3

98.0

215.0

-54.4

- 65% Fe pellets

2,847.9

2,652.0

+7.4

5,499.9

5,137.5

+7.1

  Note: no pellet production from third party materials in 2019 or 1H 2020.

 

 

For further information, please contact:

Ferrexpo:


Rob Simmons

+44 207 389 8305

Maitland:


James Isola

+44 207 379 5151

 

 

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 over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. 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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DRLKKABNABKDKOK

Companies

Ferrexpo (FXPO)
UK 100

Latest directors dealings