Ferrexpo plc
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Raffaele G. Salvatore Genovese
- Full Time Employees
- 7,078
- Sector
- Basic Materials
- Industry
- Steel
- Address
- Bahnhofstrasse 13 Baar Switzerland 6340
- IPO Date
- Jul 26, 2010
- Website
- ferrexpo.com
- Similar Companies
- Business
- Ferrexpo plc is a Swiss-headquartered producer and exporter of premium high-grade iron ore pellets and concentrates for the global steel industry. The company operates vertically integrated mining, processing, beneficiation, pelletizing and logistics facilities primarily in central Ukraine within the Kremenchug Magnetic Anomaly, including the Poltava, Yeristovo and planned Belanovo open-pit mines, with over 50 years of iron ore supply history and JORC-compliant ore reserves exceeding 1.5 billion tonnes supporting at least 50 years of production at current rates; it exports via rail, river barge, its own fleet on European waterways and Ukrainian Black Sea ports to premium steel mills in Europe (Austria, Slovakia, Czech Republic, Germany), Asia (China, Japan, Taiwan, South Korea, India), the Middle East, North Africa and Turkey. Core products comprise high-grade blast furnace pellets grading 65% Fe and above, including direct reduction (DR) pellets such as FDP for low-carbon steelmaking; 67% Fe premium pellets; high-grade commercial concentrates (67% Fe, low-alumina pellet feed); and iron ore pellet feed, all enabling steelmakers to reduce carbon emissions and improve blast furnace productivity compared to lower-grade ores. Incorporated in 2005 and listed on the London Stock Exchange (ticker: FXPO), Ferrexpo is headquartered at Bahnhofstrasse 13, Baar, Switzerland. In recent developments, the company achieved record quarterly commercial production in first-quarter 2025 through operational flexibility, shifting to higher concentrate output (36% of first-half 2025 mix) amid strong Asian demand and loading 11 capesize vessels to China; it announced a collaboration with Salzgitter for high-quality pellets in low-carbon steel production; resumed FDP pellet sales to new Middle East customers for direct reduction processes; commissioned a press filtration complex and new concentrate conveyor line for concurrent pellet-concentrate production; reduced capital expenditures by 49% to US$28 million in first-half 2025 amid VAT refund suspensions by Ukrainian authorities totaling US$38.3 million through June, prompting downscaling to one pellet line, workforce furloughs impacting 37-40% of employees and cost cuts including lower mining and maintenance; recorded a US$154 million non-cash impairment in first-half 2025 results; and faced a Ukrainian court upholding a UAH4.73 billion claim against subsidiary FPM while extending the Belanovo license amid martial law.
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