Mining company Ferrexpo plc with its main assets in Ukraine in January-September of this year produced 2 million 41.789 thousand tons of rolled products, which is 27% less compared to January-September last year (2 million 808.594 thousand tons), and in the third quarter it reduced the production of these products by 24% compared to the second quarter - to 656.650 thousand. tons from 860.213 thousand tons.
According to the company's press release on Wednesday, the total volume of production of commercial products (rolled products and iron ore concentrate) for 9 months of 2026 decreased by 54% to 9 months of 2025 - to 2 million 336.135 thousand tons. In particular, the production of premium commercial concentrate Fe67% amounted to 294,346 thousand tons against 2 million 259,294 thousand tons (a drop of 87%). Also, the company, in particular, produced 1 million 737.398 thousand tons of premium rollers (a decrease of 36%), and also produced 304.391 thousand tons of DR rollers (81.787 thousand tons were produced for 9 months of 2025).
The press release notes that the Ferrexpo agreement has not yet been concluded, there is no certainty that it will be signed on the described conditions or in general.
Commenting on the results of the group’s activities, acting. chairmanBoard of Directors Lucio Genovese said: “In September, we were pleased to note that Ferrexpo shareholders overwhelmingly approved a capital raising of $100 million, a process that took place in difficult conditions. The economic situation in Ukraine worsened during the summer months, which, coupled with various claims against the group, presented a serious test to investors' willingness to invest in Ukraine. Despite this, we were able to successfully complete the capital raising, receiving applications that exceeded our target volume."
According to him, raising funds was necessary because the decisions of the Ukrainian
