04
Aug
14:08
Ferrexpo expects further growth, lower iron ore demand
Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo expects global iron ore demand to decline in the second half of 2021, on reduced government stimuli.
H1 revenue increased 74% year-on-year to $1.3 billion, reflecting market conditions and investments in increasing pellet quality. Ebitda rose by 147% to $868 million, while profit after tax did likewise, by 165% to $661m, the company says.
Ferrexpo is currently under…
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Anonymous
Very good overview of the weekly steel market.
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