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Ferrexpo gets pelleted after production update

The iron ore producer found the market hard to please
Ferrexpo gets pelleted after production update
The shares took a tumble after the production update

Record pellet production in the fourth quarter was not enough to prevent shares of Ferrexpo (LON:FXPO) from being hammered in the market.

The shares were marked almost 9% lower at 20.52p in the first half hour of trading on Thursday after the Ukraine-focused iron ore company revealed pellet production hit a quarterly record of 2.98mln tonnes, up 4.3% from the preceding quarter.

For the whole of 2015, pellet production totalled 11.66mln tonnes, up 5.8% from 11.02mln tonnes in 2014.

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February 20 2013

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