Ferrexpo, the Swiss headquartered iron ore producer with assets in Ukraine, has temporarily suspended production after further attacks on the country’s electricity infrastructure, including transmission lines and substations. The company said electricity supply to its operations is currently unstable and insufficient to sustain production processes, and it will resume once operating conditions allow production on a commercial basis. No timetable was given.
Ferrexpo confirmed its assets have not sustained any damage and that it can supply European customers from existing inventory stockpiles. It did not disclose inventory volumes or the financial impact of the interruption. The company produced 780,000 tonnes of iron ore products in the third quarter of 2026, down 19 percent on the previous quarter, according to GMK Center reporting.
This is the third suspension this year. In August Ferrexpo halted production citing the blockade of Ukrainian ports and working capital problems, then resumed in September using one pellet production line after raising $100 million from investors. The pattern is now structural: the orebody and plant are intact, but power, ports and working capital each take turns stopping output.
For European steelmakers, high grade pellets from Ferrexpo’s Poltava and Yeristovo operations are a premium feedstock. Each halt draws down the inventory buffer that has so far shielded customers, and a restart depends on grid stability that the company does not control.