Ferrexpo declares force majeure as Ukraine port exports suspended

Iron ore miner Ferrexpo said it had sent force majeure notices to some of its customers after suspending exports from the the port of Pivdennyi in southwest Ukraine after the unprovoked invasion by Russia.

The world's third largest exporter of iron ore pellets to the steel industry, said its mining and processing operations, next to the city of Horishni Plavni in central Ukraine, continue to operate.

"The group has the ability to stockpile its iron ore pellets at site, whilst Ukraine's logistic networks continue to experience disruption," Ferrexpo said on Friday.