Ferrexpo at full tilt, costs rise

26th May 2011 11:37

Ukraine-focused iron ore producer Ferrexpo has continued operating at full capacity while seeking to control costs, which are being pushed up by higher commodity prices.Chairman Michael Abrahams was due to tell shareholders that total production has been in line with plans."Ferrexpo continued to benefit from strong demand in a strengthening price environment," he was due to say. "The group achieved price increases in the first quarter which were reflective of international benchmark pricing for the majority of its contracts."---RG