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Share Price: 51.50

Bid: 51.60

Ask: 52.00

Change: -0.40 (-0.77%)

Spread: 0.40 (0.775%)

Open: 52.60

High: 53.50

Low: 50.70

Prev. Close: 51.90

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Ferrexpo Quarterly Production Unaffected By Virus Spread

Tue, 07th Apr 2020 10:49

(Alliance News) - Iron pellets maker Ferrexpo PLC on Tuesday reported a 7% rise in first quarter pellet output and said that production was not impacted by coronavirus outbreak.

The FTSE 250-listed company produced 2.7 million tonnes of iron ore pellets in the quarter to March-end, up from 2.5 million tonnes a year ago. Production of 65% iron pellets was up 9% to 2.7 million tonnes.

Sales for the quarter are expected to be around 2.8 million tonnes versus 2.6 million tonnes a year ago.

Ferrexpo, which has operations in Ukraine, said it is continuing to take actions to workforce and local communities against the spread of the coronavirus.

Shares in the company were up 11% on Tuesday morning at 134.90 pence each.

By Tapan Panchal; tapanpanchal@alliancenews.com

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IN BRIEF: Ferrexpo resumes production in Ukraine after missile strike

Ferrexpo PLC - Swiss-headquartered, Ukraine-focused iron ore exporter - Resumes production in central Ukraine, following a temporary suspension announced October 11 due to Russian missile strikes on state-owned electrical infrastructure. Says repair work has progressed to allow for partial resumption of production, although supply of power remains variable.

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(Sharecast News) - Iron ore pellet maker Ferrexpo said it had partially resumed production at its central Ukraine facilities after Russian missile strikes damaged power supplies earlier this month, but warned that it was drawing on stockpiles to meet customer orders.

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Latest Share Chat

Ferrexpo Share News (FXPO)

Share Price Information for Ferrexpo (FXPO)

Ferrexpo Quarterly Production Unaffected By Virus Spread

LONDON BRIEFING: UK public sector borrowing shoots up in November

LONDON BROKER RATINGS: JPMorgan lowers opinion on UK housebuilders

Ferrexpo targets 50% reduction in Scope 1 and 2 emissions by 2030

LONDON MARKET MIDDAY: UK-focused FTSE 250 slips before autumn budget

LONDON BROKER RATINGS: Credit Suisse cuts Ferrexpo to 'neutral'

LONDON MARKET OPEN: Informa lifts FTSE 100; pound above USD1.18

LONDON BRIEFING: Informa upgrades full-year outlook on revenue growth

IN BRIEF: Ferrexpo resumes production in Ukraine after missile strike

LONDON MARKET OPEN: Stocks kick off new month on a cheerful note

Ferrexpo partially resumes Ukraine production after Russia missile attacks

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

LONDON MARKET CLOSE: Stocks down; IMF warns "the worst is yet to come"

LONDON MARKET MIDDAY: Recession fear, wild bond market spook investors

TOP NEWS: Ferrexpo suspends production after Russian missile strikes

LONDON MARKET OPEN: Stocks struggle again amid BoE bond market warning

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