Ferrexpo's iron ore output slumps in Q3

Ferrexpo, the Swiss-headquartered, London-listed iron ore producer with operations in Ukraine, recorded iron ore output of 779,975 tonnes during July-September this year, marking a 19% drop from the previous quarter and a 48.3% plunge on year, according to the company's production report for Q3 2026 released on Wednesday.

The decrease was driven by a sharp reduction in pellet production, which slumped 24% on quarter to 656,650 tonnes in Q3, while the company's output of concentrates increased for the second straight quarter by another 20% to reach 123,325 tonnes, according to the report. Ferrexpo halted its mining and pelletizing