This information is reported by Fastmarkets, citing Nick Bias, the Group Head of Investor Relations and Corporate Communications. Bias emphasised that in the second quarter of 2024, Ferrexpo resumed the production of Direct Reduction (DR) pellets, which had been halted since the onset of Russia’s full-scale aggression. The main factors that will determine the margin on green iron and steel, according to Bias, are carbon emissions and the origin of these products. As a European producer of high-quality iron ore pellets, we will help European, Middle Eastern, and North African steel mills transition to low-carbon steel production,» he noted. As GMK Center reported earlier, Ferrexpo increased pellet production by 76% in the first half of 2024 compared to the second half of 2023, reaching 3.297 million tonnes.

Source: The North Africa Journal August 09, 2024 14:23 UTC