Ferrexpo Plc reported production results for the second quarter and first half of 2019. In the first half of 2019, the company reported total pellet production of 50,962,000 tonnes compared to 53,525,000 tonnes produced in the same period last year.

In the second quarter of 2019, the company reported total pellet production of 28,138,000 tonnes produced.

For the fiscal year 2019 production guidance remains at 10.6MT.

For the first half. the average C1 cost of production for first half of 2019 is expected to be approximately USD 46 per tonne compared to the average Fiscal Year 2018 C1 cost of USD 43 per tonne, this is due to Ukrainian inflation and a strong Hryvnia currency against the US dollar.