Ukrainian miner Ferrexpo managed to find buyers for the majority of its iron ore during the first quarter of the year, using rail and barges to transport material to the country’s western border.
The London-listed company said it had sold 2.6mn tonnes of pellets, small balls of the steelmaking ingredient, in the three months to the end of March, a performance described by analysts as surprisingly strong.
With the port of Pivdennyi in the south-west of the country closed, Ferrexpo said it had used railways and rivers to get its product to Ukraine’s western border and to its customers in Europe.
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