5th Oct 2015 07:02
LONDON (Alliance News) - Iron ore pellets producer Ferrexpo PLC on Monday said its total pellet production in the first nine months was up 5.1% and said its premium pellet production has increased.
Ferrexpo said its total pellet production in the nine months to the end of September was 8.7 million tonnes, up 5.1% from the 8.3 million tonnes it produced a year earlier.
Of that production, 87% of its total production was of premium 65% iron pellets, up from 49% a year earlier. The increase in premium pellet production offset a big fall in 62% iron pellets in the year, which fell 73%, the company said.
Shares in Ferrexpo opened up 2.7% to 36.70 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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