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The latest announcement is out from Ferrexpo ( (GB:FXPO) ).
Ferrexpo reported a record production of 2.1 million tonnes in the first quarter of 2025, despite operating under challenging conditions due to the suspension of VAT refunds by Ukrainian authorities. This situation has forced the company to reduce operations to one pellet line and implement cost-cutting measures, impacting the local economy and its workforce. The company is actively engaging with the Ukrainian government to restore VAT refunds to sustain higher operating levels and maintain its workforce.
More about Ferrexpo
Ferrexpo is a Swiss-headquartered iron ore company with operations in Ukraine and is listed on the London Stock Exchange. The company produces high-grade iron ore pellets, a premium product for the global steel industry, which contribute to reduced carbon emissions and increased productivity when converted into steel. Ferrexpo has been a key supplier to the global steel industry for over 50 years and was the world’s third-largest exporter of pellets before the full-scale invasion of Ukraine.
YTD Price Performance: -54.77%
Average Trading Volume: 3,384,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: £281.4M
For detailed information about FXPO stock, go to TipRanks’ Stock Analysis page.