Ferrexpo reports 33% slump in annual iron-ore pellet production

Ferrexpo reported a 33% slump in annual production of iron-ore pellets on Thursday as the Ukraine-focused miner waded through a second year of disruptions caused by the Russian invasion. The company, which has all its mines in Ukraine, reported total iron-ore pellet production of 4.1-million tons for the year ended December 31, compared with 6.1-million tons in the previous year.