Ferrexpo's pellet output drops marginally in 2019

Iron ore pellet producer Ferrexpo on Monday reported a small drop in full-year production as steel-making products faced weak demand due to sluggish global economic activity.

Ferrexpo, a Swiss-based company with assets in Ukraine, produced 10.5 million tonnes of pellets for the year ended Dec.Asian Metal Copyright6% to 881 million tonnes in 2020, according to a Chinese government consultancy.Asian Metal Copyright 31 from 10.Asian Metal Copyright3 million tonnes, slightly higher than 10.Asian Metal Copyright6 million tonnes a year earlier.

A bruising trade dispute with the United States has hit demand from top steel producer China, hurting prices for steel making ingredients such as iron ore pellets.

Steel demand in China is expected to fall 0.6% to 881 million tonnes in 2020, according to a Chinese government consultancy.

Ferrexpo, the third-largest pellets exporter, said sales volume for 2020 was about 10.3 million tonnes, slightly higher than 10.Asian Metal Copyright Ferrexpo, the third-largest pellets exporter, said sales volume for 2020 was about 10.Asian Metal Copyright2 million tonnes it sold a year ago.

.Asian Metal Copyright5 million tonnes of pellets for the year ended Dec.Asian Metal Copyright