FERREXPO
Jim North , CEO of Ferrexpo , reveals how the Ukrainian mining business is embracing digital transformation , expanding its global sales footprint and future-proofing operations with its sustainability goals
Ferrexpo ’ s priorities are to position for growth and further optimise its operations while ensuring disciplined governance . Ferrexpo ’ s strategy is to produce and export high-quality pellets to premium steel mills around the world that produce sophisticated steel products . It aims to be a low-cost efficient producer of iron ore pellets with a reliable logistics infrastructure .
A global player in the steel industry Since Ferrexpo listed in 2007 its focus has been on improving the quality of the iron ore pellets it produces ( now a high grade 65 %+), transforming facilities for a broadened portfolio outlook , and growing its customer base with Tier 1 steel producers . “ We now have a first-class sales book and have become a global player in the raw materials supplying the steel industry in Asia , the Middle East , Europe , and the US ”, explains Interim CEO & Executive Director , Jim North . “ We ' ve continued that quality journey in the last couple of years , and been broadening into the DR market , which is where we see a large proportion of our growth in production going in the future . We ' ve been doing trial cargoes since 2018 , and in 2020 , we sold saw a substantial amount , just over 300,000 tonnes of material , into the DR market , and we would see a larger proportion of our sales portfolio moving that way going forward ”.
Jim North , Interim CEO & Executive Director , Ferrexpo
42 November 2021