European iron ore pellet producer Ferrexpo has revised its annual production guidance to 10.4-10.6 million tonnes, compared with 10.6 million tonnes previously, citing "the current market environment", it said on Tuesday October 8.
The Switzerland-headquartered company, whose mines are in Ukraine, reported an output of 2.5 million tonnes in the July-September quarter. Of these, 96% consisted of 65% Fe pellets while the remainder were 62% Fe pellets. Year on year, production is down 5.4%.Ferrexpo expects to begin refurbishment of one of its pellet lines on...