#Ferrexpo

🚨 Ferrexpo on the brink of bankruptcy: FT describes a catastrophic situation. 📉 The company has halted mining and is selling off stocks. 💰 Kyiv is withholding $90 million in VAT due to sanctions against Zhevago. 🚫 Zhevago is blocking the life-saving share issuance, fearing loss of control. ⚖️ Capitalization has fallen to $200 million, the court is already considering the bankruptcy case.

🚨 Ukrainian metallurgy on the brink of collapse. Port closures have already led to the shutdown of Ferrexpo and Metinvest plants. 💰 Industry losses could reach $200 million per month. 📉 Production could drop by 35%. 🚛 Land export is unprofitable; warehouses are overflowing. Business warns: the situation is worse than in 2022. #Ukraine #Metallurgy #Economy #Ports

Mining company Ferrexpo has suspended iron ore production in Ukraine due to threats of port shelling and a lack of working capital. Export via the Black Sea is restricted, and the company's current cash reserves will last only until mid-2026 without new investments. 🏭🚫📉

Attacks on ports have paralyzed Ukrainian ore exports: plants are shutting down, and budget losses reach $700 million annually. The sea channel, which provided half of the supplies, is blocked, while alternative routes have proven unprofitable. 🚢📉

Russian attacks have paralyzed the ports of Greater Odessa, forcing SMBC and Ferrexpo to halt production. Experts warn of billions in losses and a lack of alternative export routes. 🚢📉

Ferrexpo has halted sea exports of pellets due to attacks on Odesa ports. A cargo ship was attacked by drones in the Black Sea, resulting in the death of one crew member. The company has contacted insurers, and plans for export growth have been postponed. 🚢💥🇺🇦