Q4 2009 Was the Strongest Quarter In 2009 For Ferrexpo (FXPO) In Terms of Production
•Q4 2009 was the strongest quarter in 2009 in terms of production. Pellet production from own raw materials rose by 21.7% in Q4 2009 compared to the same quarter last year. Ferrexpo continued to produce at full capacity throughout Q4 2009, it was the third consecutive quarter.
•Higher-grade 65% Fe pellet output increased by 5.9% over the quarter, and by 7.2% over the full year. Pellet production from purchased concentrate increased in Q4 but still remains a small proportion of total production
•Approximately 86% of sales in Q4 were made to existing portfolio of long-term contract customers, with the majority of the balance to strategic customer trials in Japan, Western Europe and India. BBA believes that in the nearest three years the share of other customers will grow significantly. Ferrexpo is likely to continue increasing its production volumes and keep relatively high profit margins as the steel market shows strong steady recovery.
Read more in following report:
Ferrexpo (FXPO), FXPO Analyst Update 01/15/10
•Q4 2009 was the strongest quarter in 2009 in terms of production. Pellet production from own raw materials rose by 21.7% in Q4 2009 compared to the same quarter last year. Ferrexpo continued to produce at full capacity throughout Q4 2009, it was the third consecutive quarter.
•Higher-grade 65% Fe pellet output increased by 5.9% over the quarter, and by 7.2% over the full year. Pellet production from purchased concentrate increased in Q4 but still remains a small proportion of total production
•Approximately 86% of sales in Q4 were made to existing portfolio of long-term contract customers, with the majority of the balance to strategic customer trials in Japan, Western Europe and India. BBA believes that in the nearest three years the share of other customers will grow significantly. Ferrexpo is likely to continue increasing its production volumes and keep relatively high profit margins as the steel market shows strong steady recovery.
Read more in following report:
Ferrexpo (FXPO), FXPO Analyst Update 01/15/10
