Ferrexpo suspends production for third time following attacks on Ukraine's power grid
2026-11-11 10:38:51 [Print]
Iron ore pellet producer Ferrexpo announced on Tuesday that it has temporarily halted production after renewed attacks on Ukraine's electricity infrastructure left power supplies to its operations unstable and insufficient to sustain output.
This marks Ferrexpo's third production halt this year, as war risks and liquidity issues continue to disrupt its operations.
The company said no Ferrexpo assets were damaged and added that it can supply European customers from existing inventory.
Ferrexpo did not provide a timeline for resuming production, but said it would restart operations once conditions allow it to operate on a commercial basis.
The UK-listed firm had restarted one pellet line in September after securing a $100 million equity raise.
This marks Ferrexpo's third production halt this year, as war risks and liquidity issues continue to disrupt its operations.
The company said no Ferrexpo assets were damaged and added that it can supply European customers from existing inventory.
Ferrexpo did not provide a timeline for resuming production, but said it would restart operations once conditions allow it to operate on a commercial basis.
The UK-listed firm had restarted one pellet line in September after securing a $100 million equity raise.
