The metallurgical company Ferrexpo has suspended its operations in Ukraine due to the blockade of ports by Russia. This was reported by UNN, citing the company's press service.
Details
The constant threat of Russian attacks in and near Ukrainian ports has significantly restricted the Group's export logistics routes through the Black Sea. As a result, and in order to preserve the state of its working capital, the company decided to temporarily suspend the production of iron ore products at its mining and pelletizing operations in Ukraine. The resumption of production depends, among other things, on the receipt of additional working capital
Additionally
"Ferrexpo" is an iron ore mining company headquartered in Switzerland, with assets in Ukraine, and listed on the London Stock Exchange in the category of commercial companies (ticker FXPO).
The Group produces high-quality iron ore, which is a premium product for the global steel industry and, compared with more common types of iron ore, enables steelmakers to reduce carbon emissions and increase productivity during steel processing.
Ferrexpo's operations have been supplying products to the global steel industry for more than 50 years. Before the start of Russia's full-scale invasion of Ukraine in February 2022, the Group was the world's third-largest exporter of iron ore pellets. It has a global customer base that includes leading steelmakers from around the world.
We remind you
russia is deliberately destroying maritime port infrastructure and striking vessels off the coast of Ukraine. In the first months of 2026 alone, 180 attacks were carried out on the ports of Greater Odesa.