Ferrexpo Issues 3Q 2014 Production and Trading Update
OREANDA-NEWS. Ferrexpo plc ("Ferrexpo", the "Company" or the "Group") issues the following trading statement for the third quarter of 2014.
Production
For the nine months ended 30 September 2014, pellet production from own ore was approximately 8.1 million tonnes. This represented an increase of 3.7% compared to the same period in 2013. Total pellet production year to date, including third party materials, was 8.3 million, an increase of 2.6% compared to the same period in 2013. Total production of 65% Fe pellets increased by 10.2% compared to 2013 to 4.1 million tonnes. As previously reported, production was constrained in the second quarter due to a scheduled refurbishment of pellet line number 3.
Monthly pellet production in the third quarter increased compared to the first half of the year and reached 975 thousand tonnes in September.
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