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Ferrexpo's Q2 iron ore pellet output remains stable YOY

Ferrexpo PLC's total iron ore pellet production in the second quarter remained stable year over year at 2.5 million tonnes.

According to the July 3 release, output of 65% pellets declined to 2.3 million tonnes, from 2.4 million tonnes a year ago.

In the first half, pellet production declined 1.2% year over year to 5.1 million tonnes due to a planned 65-day pellet line refurbishment. The output of 65% pellets in the first half slipped 2.5% on a yearly basis to 4.8 million tonnes.