Ferrexpo's pellet output drops marginally in 2019
2020-01-14 13:44:05 [Print]
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. 31 from 10.6 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 10.2 million tonnes it sold a year ago.
Ferrexpo, a Swiss-based company with assets in Ukraine, produced 10.5 million tonnes of pellets for the year ended Dec. 31 from 10.6 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 10.2 million tonnes it sold a year ago.
