Swiss-headquartered Ferrexpo expects demand for high-quality iron-ore, especially pellets, to remain strong in the second half of 2017, underpinned by an improvement in the global economy, as well as drive by steel mills to reduce their emissions and improve the quality of their final product.
The London-listed company, which operates in the Ukraine, said on Thursday that global steel mill profitability had reached the highest level since the 2008 financial crisis, which supported demand for higher grade iron-ore, including pellets, in the first six months of the year.
