Ferrexpo reported a decline in production for the third quarter, with total commercial production reaching 1.40 million tonnes, down 16.4% from the previous year. The company faced continued pressure on margins due to the ongoing conflict in Ukraine, which has impacted operations and increased costs.

Despite these challenges, Ferrexpo has expanded its sales in the MENA region, focusing on higher quality iron ore products to mitigate margin pressures. The company remains vigilant in its financial and operational strategies amid fluctuating iron ore prices and market uncertainties.