Ferrexpo plc issues its interim management statement for the period from July 1st to October 13th 2008 in accordance with the UK Listing Authority’s Disclosure and Transparency Rules.
| Q3'09 | Q3'08 | Change | YTD'09 | YTD'08 | Change | |
| Iron ore | 7,193.30 | 7,238.60 | -0.6 | 20,886.80 | 21,599.90 | -3.3 |
| Concentrate | 2,774.00 | 2,772.80 | 0 | 7,764.50 | 8,212.70 | -5.5 |
| 62% Fe | 1,130.20 | 1,194.00 | -5.3 | 3,250.50 | 3,778.10 | -14 |
| 65% Fe | 1,117.50 | 1,071.00 | 4.3 | 3,120.90 | 2,991.30 | 4.3 |
| Pellets Total | 2,247.70 | 2,265.00 | -0.8 | 6,371.40 | 6,769.40 | -5.9 |
In ‘000 tonnes
Production from purchased raw materials / tolling
| Q3'09 | Q3'08 | Change | YTD'09 | YTD'08 | Change | |
| 62% Fe | 30.8 | 240.1 | -87.2 | 45.8 | 332 | -86.2 |
| 65% Fe | 0 | 0 | N/A | 0 | 0 | N/A |
| Pellets Total | 30.8 | 240.1 | -87.2 | 45.8 | 332 | -86.2 |
In ‘000 tonnes
| Q3'09 | Q3'08 | Change | YTD'09 | YTD'08 | Change | |
| Pellets Grand Total | 2,278.50 | 2,505.10 | -9 | 6,417.20 | 7,101.40 | -9.6 |
In ‘000 tonnes
Highlights
1. Pellet production from own raw materials rose by 0.3% in Q3 2009 compared to the previous quarter
2. Ferrexpo produced at full capacity throughout Q3 2009, for the second consecutive quarter
3. Higher grade 65% Fe pellet output has increased by 4.3% in the year to date, despite deliberately increasing the production of 62% Fe pellets in September to meet sales contract requirements
4. Pellet production from purchased concentrate has increased in Q3 but remains a small proportion of total production Ferrexpo will seek to increase this business if margins permit
Mr Kostyantin Zhevago CEO of Ferrexpo said “Ferrexpo continues to deliver a strong performance despite weak global markets. I am very pleased with the progress we have made in switching our sales back to our portfolio of long term contract customers, which returns us to our higher margin core business and highlights the quality of our customer relationships. It should be noted in particular that the majority of Ferrexpo’s European customers are now taking their full contract volumes, despite in many cases not being at 100% capacity utilisation themselves. This indicates the growth in market share that Ferrexpo has achieved in these markets.”
