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May.13.2021 1USD=6.4258RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
Ferrexpo's 1Q 2021 Pellet Production Down 12% QoQ

http://en.steelhome.cn [SteelHome] 2021-04-26 16:36:30

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l  COVID-19 update: Ferrexpos operations and logistics continued to operate with minimal impact during 1Q 2021.

l  Total iron ore pellet production of 2.7 million tonnes (Mt), representing a year on year result in line with pellet production in 1Q 2020, and 12% below 4Q 2020, reflecting ongoing pelletiser upgrade work.

Upgrade work completed on one pelletiser line in 1Q 2021 and further work underway in 2Q 2021.

The Group expects overall pelletiser capacity to increase by 0.5-1.0 Mt per annum following completion of this work.

l  Production of high-quality pellets (65% Fe and 67% Fe) represented 100% of total pellet output in 1Q 2021 (1Q 2020: 97%).

l  Company also recorded additional production of 65,000 tonnes of high-grade concentrate for sale in 1Q 2021, linked to the commissioning and ramp up of the Companys concentrate stockyard project.

Table: Pellet Production

(000' tonnes)

Product Grade

1Q 2021

vs. 4Q 2020 %

vs. 1Q 2020 %

YTD

(3M 2021)

vs.

3M 2020

Direct Reduction (DR) Pellets

67% Fe

35

(77%)

-

35

-

Ferrexpo Premium Pellets

65% Fe

2,679

(9%)

+1%

2,679

(+1%)

Ferrexpo Basic Pellets

62% Fe

-

-

(100%)

-

(100%)

Total pellet production

2,714

(12%)

(0.4%)

2,714

0.4%

Source: Ferrexpo

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