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Highlight:
l
COVID-19 update: Ferrexpo’s 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.
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Production of high-quality pellets (65% Fe and 67% Fe) represented 100%
of total pellet output in 1Q 2021 (1Q 2020: 97%).
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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 Company’s 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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