January 13, 2020 / 7:17 AM / 5 days ago

Ferrexpo full-year production drops marginally as demand wanes

Jan 13 (Reuters) - Iron ore pellet producer Ferrexpo on Monday reported a drop in its annual production, due to weak demand for steel-making products amid sluggish global economic activity.

Ferrexpo, a Swiss-based company with assets in Ukraine, produced 10.5 million tonnes of pellets for the year ended Dec. 31, 2019 from 10.6 million tonnes a year earlier. (Reporting by Shanima A in Bengaluru, Editing by Sherry Jacob-Phillips)

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