Ferrexpo PLC Production for 1Q 2019 (2172V)

TIDMFXPO

RNS Number : 2172V

Ferrexpo PLC

05 April 2019

5 April 2019

Ferrexpo plc

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

Production for 1Q 2019

Summary:

   --    Total 1Q 2019 pellet production of 2,539 thousand tonnes (1Q 2018: 2,585 thousand tonnes) 

-- Production of 65% Fe pellets from own ore 2,431 thousand tonnes in line with 1Q 2018 of 2,421 thousand tonnes

 
 000' tonnes                    Q1 2019    Q4 2018    Change   YTD 2019   YTD 2018   Change 
                               =========  =========           =========  ========= 
                                                        %                              % 
                               =========  =========  =======  =========  =========  ======= 
 Pellet Production from 
  Own Ore                       2,538.70   2,764.60    (8.2)   2,538.70   2,570.70    (1.2) 
  - 62% Fe pellets                107.50     197.92   (45.7)     107.50     149.90   (28.3) 
  - 65% Fe pellets              2,431.20   2,566.68    (5.3)   2,431.20   2,420.80      0.4 
 
 Production from Third Party 
  Materials                         0.00      86.50                0.00      14.50 
  - 62% Fe pellets                  0.00       0.00                0.00       0.00 
  - 65% Fe pellets                  0.00      86.50                0.00      14.50 
 
 Total Pellets Produced         2,538.70   2,851.10   (11.0)   2,538.70   2,585.20    (1.8) 
                               ---------  ---------  -------  ---------  --------- 
  - 62% Fe pellets                107.50     197.92   (45.7)     107.50     149.90   (28.3) 
  - 65% Fe pellets              2,431.20   2,653.18    (8.4)   2,431.20   2,435.30    (0.2) 
-----------------------------  ---------  ---------  -------  ---------  ---------  ------- 
 

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 2018, the Group produced 10.6 million tonnes of pellets, a 2% increase compared to 2017, ranking it as the 3rd 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

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 [e-mail] or visit www.rns.com.

END

DRLFZLLBKZFBBBK

(END) Dow Jones Newswires

April 05, 2019 02:01 ET (06:01 GMT)