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Ferrexpo Q2 output slumps as Ukraine govt suspends VAT refunds

By Frank Prenesti

Date: Monday 07 Jul 2025

(Sharecast News) - Ukraine-focused iron ore pellet maker Ferrexpo reported a slump in second-quarter production as a government suspension of VAT refunds hit liquidity, forcing it to scale back operations.
Production fell 40% quarter on quarter to 1.267m tonnes. The lack of liquidity meant Ferrexpo had to downscale operations from two...

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