Ferrexpo PLC Production for 2Q 2018 (2918T)

TIDMFXPO

RNS Number : 2918T

Ferrexpo PLC

03 July 2018

3 July 2018

Ferrexpo plc

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

Production for 2Q 2018

Summary:

   --   1H 2018 pellet production of 5,096 thousand tonnes (1H 2017: 5,160 thousand tonnes)

-- Lower pellet production in 1H 2018 vs. 1H 2017 reflected a planned 65 day pellet line refurbishment

 
 000' tonnes               Q2 2018    Q1 2018    Change   1H 2018    1H 2017    Change 
                          =========  =========           =========  ========= 
                                                   %                              % 
                          =========  =========  =======  =========  =========  ======= 
 Pellet production from 
  own ore                  2,511.01   2,570.70     -2.3   5,081.72   5,138.56     -1.1 
  - 62% Fe pellets           167.23     149.90     11.6     317.13     257.90     23.0 
  - 65% Fe pellets         2,343.78   2,420.80     -3.2   4,764.59   4,880.66     -2.4 
 
 Production from third 
  party materials              0.00      14.50        -      14.50      21.55    -32.7 
  - 62% Fe pellets             0.00       0.00        -       0.00       0.00        - 
  - 65% Fe pellets             0.00      14.50        -      14.50      21.55    -32.7 
 
 Total Pellets Produced    2,511.01   2,585.20     -2.9   5,096.21   5,160.10     -1.2 
                          ---------  ---------  -------  ---------  --------- 
  - 62% Fe pellets           167.23     149.90     11.6     317.13     257.90     23.0 
  - 65% Fe pellets         2,343.78   2,435.30     -3.8   4,779.08   4,902.20     -2.5 
------------------------  ---------  ---------  -------  ---------  ---------  -------

For further information contact:

 
 Ferrexpo: 
 Ingrid McMahon    +44 207 389 8304 
 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 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

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.

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July 03, 2018 02:00 ET (06:00 GMT)

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