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Message: Ferrexpo enjoys better Q3
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| Tuesday, 13 October 2009 |
 Ukrainian iron ore producer Ferrexpo had a strong third quarter, producing at full capacity through the period and increasing 65% Fe pellet output as demand improves. The firm, which saw profits slide 82% in the first half of 2009, said iron pellet production from its own raw materials rose by 0.3% between 1 July and 13 October from the previous quarter. It said it has now settled contract prices with customers representing over 85% of its long term contract portfolio by volume. Demand has strengthened in its core markets as Europe restocks and the global economic outlook improves. |
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