Ferrexpo said it was now receiving sufficient levels of power to bring one iron ore pelletiser line in central Ukraine back into operation, allowing it to meet the requirements of existing customer contracts.
As a result of interruptions and continued instability within the state-owned electricity network during the fourth quarter of 2022, around 0.3 million tonnes of pellets have been produced to date in the period. Total pellet production for 2022 is expected to be approximately 5.9-6.0 million tonnes.
Despite interruptions to the group’s production, shipments to customers during 4Q 2022 have continued at a run rate of approximately 250 kilotonnes per month, the company said on Wednesday.
