It is reported that Ukrainian iron ore producers increased their pellets’ output by 8.2%MoM maintaining iron ore concentrate production at previous month’ level. Centralniy Iron Ore has recovered from the previous month’s slump in the production of pellets up by 85.7%MoM.
According to Millennium Capital analyst “The news is neutral for the Ukrainian iron ore producers, as the concentrate extraction remained stable, and pellets output has merely recovered from previous month downturn of Centralniy Iron Ore. Centralniy Iron Ore has finished the scheduled repairs of its only pelletizing machine with 200,000 tonnes annual capacity and went back to the normal production in November.”