15
Mar
12:16
Ferrexpo sees significant earnings decrease, restarts pellet unit
Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo's 2022 revenue decreased by 50% on-year to almost $1.25 billion.
Ebitda was down 47% to $765 million and net cash flow from operating activities decreased by 72% to $301m, Kallanish notes.
The main reason was the ongoing Russian invasion into Ukraine, the company says.
"The closure of Ukraine’s access to the Black Sea places a significant impediment in our abi…
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Very good overview of the weekly steel market.
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