COMPANy overview

Ferrexpo is the world’s third-largest exporter of iron ore pellets with its mining and processing operations based in Ukraine. Iron ore pellets are an important primary product in the manufacturing of steel.

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Iron ore is extracted out of Ferrexpo’s three mines in central Ukraine (Poltava, Yeristovo, and Belanovo) and subsequently sent for processing in facilities also in Ukraine. At these facilities the ore is crushed, the iron is then separated from the ore and the result is then sent to be processed into pellets.

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This leads to iron ore pellets of a higher grade (65% iron content and above) and thanks to the ore being in pellet form, can be put straight into a blast furnace for steel manufacturing without pre-processing. Thanks to the higher grade and pelletising, Ferrexpo’s iron ore pellets are sold at a premium to standard iron ore products.

Ferrexpo’s clients are generally steelmakers based in Europe, the Middle East, and Asia.