Ferrexpo
- Company typePublic
- Founded1970
- HeadquartersBaar, Switzerland
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Ferrexpo firmographics
Firmographics- Name
- Ferrexpo
- Legal name
- Ferrexpo plc
- Website
- https://ferrexpo.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Where Ferrexpo is headquartered
LocationHeadquarters
- HQ city
- Baar
- HQ country
- Switzerland
- HQ region
- Europe
Offices10 records
Markets served
Ferrexpo business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others
Revenue model
- Iron Ore Pellet Sales: Production and sale of high-grade iron ore pellets (65% Fe premium pellets, 67% Fe pellets, DR pellets 68%+ Fe) to global steelmakers. Products priced on international indices in USD.
- Commercial Concentrate Sales: Production and sale of premium grade iron ore concentrate (67% Fe) to meet demand from customers, particularly Chinese customers. In 2025, concentrate reached record 2.9 million tonnes representing 48% of total production mix.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Ferrexpo product offering
Product offeringCore offering
Ferrexpo mines, processes, produces, and exports high-grade iron ore pellets (65% Fe premium pellets, 67% Fe pellets, and DR-grade 68%+ Fe pellets) and commercial iron ore concentrate (67% Fe) for sale to global steelmakers serving the blast furnace and direct reduction steelmaking industries. The company operates a vertically integrated model with three open-pit mines in Ukraine's Poltava region, supported by in-house processing, logistics, and regional sales offices in Dubai, Singapore, Shanghai, and Tokyo.
Product overview
Ferrexpo is a leading European producer and exporter of premium iron ore products, operating as a vertically integrated mining company with three active mining operations (Poltava, Yeristovo, and Belanovo in development). The company produces high-grade iron ore pellets at 65% Fe for blast furnace steelmaking and 67% Fe Direct Reduction pellets for electric arc furnaces, along with premium 67% Fe commercial concentrate. The product portfolio enables the transition to green steel by reducing carbon emissions by 40% compared to sinter fines, with pellets representing a pathway to zero-carbon steel production. The company has pivoted production toward higher-grade concentrate products (48% of 2025 output) in response to market conditions.
Differentiator
Problem solved
Functional benefit
Products and services
- Ferrexpo Premium Pellets (65% Fe) High-grade iron ore pellets with 65% iron content used in blast furnace steelmaking, improving productivity and reducing carbon emissions compared to lower-grade sinter fines. Sold to global steelmakers under long-term supply contracts.
- Direct Reduction (DR) Pellets (67%+ Fe) Premium-grade iron ore pellets at 67%+ Fe content designed for direct reduction processes feeding electric arc furnaces, enabling 49% lower Scope 3 emissions for steelmakers. Produced from red quartzite in the KrMA deposit.
- Commercial Concentrate (67% Fe)
- Ferrexpo Poltava Mining (FPM) The Group's largest open-pit iron ore mining operation with JORC-compliant Ore Reserve of over 1 billion tonnes of iron ore, providing over 50 years of mine life. Wholly-owned subsidiary of Ferrexpo plc.
- Ferrexpo Yeristovo Mining (FYM) Open-pit iron ore mine opened in 2011, located north of the Poltava Mine in Ukraine, supplying approximately half of the high-grade iron ore processed at the Group's plant. Wholly-owned subsidiary.
- Ferrexpo Belanovo Mining (FBM) Next mine development project representing the pathway to significantly increasing Ferrexpo's production profile, located north of Yeristovo mine on the same ore body in the Poltava region. Wholly-owned subsidiary.
Quantifiable outcome
- 40% reduction in carbon emissions for every tonne of sinter fines replaced with pellets
- +3 more outcomes
Companies that use Ferrexpo
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles2 records
Ferrexpo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Ferrexpo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MEC MiningcoreCollaboration on the Green Mine project, a $3.3 billion decarbonization initiative by 2050 to automate and electrify mining operations in Ukraine.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Ferrexpo competitors and assessment
Company assessmentBroad incumbents
- ArcelorMittal: Vertically integrated steelmaker with captive iron ore mining operations (including in the former CIS) and a major buyer of seaborne pellets. Comparable on iron ore mining/pellet production activity and on the customer side as a global steel producer.
- BHP Group: Major seaborne iron ore producer from Western Australia with growing interest in higher-grade products. Competes with Ferrexpo's pellets on broad iron ore pricing benchmarks but does not specialize in pellet concentrate.
- Rio Tinto: One of the largest iron ore producers globally (Pilbara, Iron Ore Company of Canada — historically a major pellet producer). Competes broadly with Ferrexpo for seaborne BF pellet demand and is exploring DR-grade production.
- Anglo American (Kumba Iron Ore): Through Kumba and Minas-Rio, Anglo American produces iron ore including higher-grade feed for global steel markets, comparable on seaborne iron ore positioning and product upgrade trends toward green steel.
Direct peers
- Vale SA: Vale is the world's largest producer of iron ore pellets and a major exporter of high-grade Fe products, most directly comparable to Ferrexpo as a vertically integrated pellet supplier serving global steelmakers. Both compete in the seaborne DR-grade and BF pellet markets.
- LKAB (Luossavaara-Kiirunavaara AB): Swedish state-owned miner producing high-grade iron ore pellets (Kiruna and Malmberget), a direct substitute for Ferrexpo's BF and DR pellets in the European market. Comparable on product grade, customer base, and focus on low-carbon pellet supply for European steel decarbonization.
- Metalloinvest: Russian iron ore and HBI/pellet producer (Mikhailovsky GOK and OEMK/URAL Steel) operating in the post-Soviet/CIS region and competing in seaborne pellet markets. Highly comparable on ore body type, pellet product mix, and customer overlap.
- Cleveland-Cliffs Inc. Largest flat-rolled steel producer in North America and a major iron ore pellet producer (including DR-grade). Directly comparable as a vertically integrated iron ore pellet and steel producer focused on high-grade supply for the energy transition.
Regional players
- SNIM (Société Nationale Industrielle et Minière): Mauritanian state iron ore miner producing pellets and high-grade concentrate for European and Chinese markets. Comparable as a seaborne pellet exporter with similar grade profile to Ferrexpo's products.
Others
- Algoma Steel Inc. Canadian EAF-based flat-rolled steel producer that has transitioned to EAF using pig iron and DRI inputs, representative of the DR-grade pellet customer cohort that drives Ferrexpo's green steel demand thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ferrexpo social profiles
Digital presenceFerrexpo compliance and trust
Trust signalCompliance2 records
Ferrexpo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ferrexpo leadership team
Management profileNumber of profiles
Profiles11 records
Ferrexpo subsidiaries and ownership
Company hierarchySubsidiaries6 records
Ferrexpo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ferrexpo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ferrexpo
What does Ferrexpo do?
Ferrexpo mines, processes, produces, and exports high-grade iron ore pellets (65% Fe premium pellets, 67% Fe pellets, and DR-grade 68%+ Fe pellets) and commercial iron ore concentrate (67% Fe) for sale to global steelmakers serving the blast furnace and direct reduction steelmaking industries. The company operates a vertically integrated model with three open-pit mines in Ukraine's Poltava region, supported by in-house processing, logistics, and regional sales offices in Dubai, Singapore, Shanghai, and Tokyo.
Is Ferrexpo a public or private company?
Ferrexpo is a public company. It is classified as public and is currently operating.
When was Ferrexpo founded?
Ferrexpo was founded in 1970. It employs 5,001 to 10,000 people.
Where is Ferrexpo based?
Ferrexpo is headquartered in Baar, Switzerland, in the Europe region.
How does Ferrexpo make money?
Two revenue lines are on record. Iron Ore Pellet Sales are the primary driver. The others are commercial Concentrate Sales.
Who are Ferrexpo's main competitors?
Broad incumbents on record are ArcelorMittal, BHP Group, Rio Tinto and Anglo American (Kumba Iron Ore). Direct peers are Vale SA, LKAB (Luossavaara-Kiirunavaara AB), Metalloinvest and Cleveland-Cliffs Inc.. SNIM (Société Nationale Industrielle et Minière) is listed as a regional player. Algoma Steel Inc. is listed as an others.
Does Ferrexpo have an API?
No public API is recorded for Ferrexpo.