Ferrexpo suspends production following Black Sea vessel incident

Ferrexpo, the Swiss-headquartered, London-listed iron ore pellet producer, has announced a temporary halt to its mining and pelletizing operations in Ukraine, citing persistent security threats in the Black Sea region that have severely disrupted its export logistics.

The decision, disclosed in a press release on August 5, came just one week after the company confirmed that a third-party owned vessel carrying its high-grade products had been struck by Russian drones in the Black Sea, as Mysteel Global reported. The affected vessel has since been successfully located and