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Ukraine’s iron-ore maker Ferrexpo halts operations
Industry
- 11 October, 2022
- 07:48
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One of the largest Ukraine’s iron-ore producers, Ferrexpo PLC, has suspended operations due to limited power supplies, the company said in a filing to the London Stock Exchange, Report informs referring to Bloomberg.
The company’s core assets are located in Ukraine’s Poltava region, which was among the targets in October 10 strikes on electricity and other infrastructure.
The company said that it currently has a sufficient volume of its products, either currently in transit and or in stockpiles, to meet its expected sales volumes, subject to logistics corridors remaining available.
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