Ferrexpo pellet production dips
Ferrexpo, the iron ore producer, announced a dip in first-half pellet production from the previous year.
Cboe UK 250
17,893.01
16:29 18/11/24
-0.54%
-97.62
Cboe UK 250 NTR
26,475.68
16:29 18/11/24
-0.54%
-144.44
Cboe UK 350
14,388.39
16:29 18/11/24
0.35%
49.84
Cboe UK 350 NTR
23,681.96
16:29 18/11/24
0.35%
82.03
Cboe UK All Companies
14,271.44
16:29 18/11/24
0.35%
49.32
Cboe UK All Companies NTR
24,169.26
16:30 18/11/24
0.35%
83.53
Cboe UK Non-Energy Materials Sector
10,699.00
16:29 18/11/24
0.97%
102.95
Cboe UK Non-Energy Materials Sector NTR
18,448.93
16:30 18/11/24
0.97%
177.52
Ferrexpo
84.90p
17:15 18/11/24
2.41%
2.00p
Ferrexpo Plc
85.20p
16:30 18/11/24
2.65%
2.20p
FTSE 250
20,395.41
17:09 18/11/24
n/a
n/a
FTSE 350
4,473.50
17:09 18/11/24
n/a
n/a
FTSE All-Share
4,431.13
16:49 18/11/24
n/a
n/a
Industrial Metals & Mining
6,051.15
17:09 18/11/24
1.24%
74.05
According to the FTSE 250-listed group's production report for the second quarter of 2017, production of iron ore pellets dropped 9.8% to 5,160 thousand tonnes in the first half of 2017, from 5,723 thousand tonnes in the first half of 2016.
Production in the second quarter of 2,536 thousand tonnes was also down 3.3% from the first quarter.
The Ukraine-focused, Swiss-headquartered company is the third largest exporter of pellets to the global steel industry. A total of 11.2m tonnes of pellets were produced in 2016.
Shares were up 20% to 203.50 by 09:16 BST.