Ferrexpo Stock Price, News & Analysis
Company Description
Ferrexpo plc (FEEXY) represents interests in Ferrexpo plc, a Swiss-headquartered iron ore company with assets in Ukraine and an equity listing on the London Stock Exchange under the ticker FXPO. The company is associated with the global steel industry through the production of high grade iron ore pellets, which are used as a premium input material in steelmaking.
According to the company, Ferrexpo produces high grade iron ore pellets that are supplied to steel mills around the world. These pellets are described as a premium product for the global steel industry and are used in the conversion of iron ore into steel. The company states that, when converted into steel, its pellets enable reduced carbon emissions and increased productivity for steelmakers compared to more commonly traded forms of iron ore.
Ferrexpo is headquartered in Switzerland and holds assets in Ukraine. Its equity shares are listed in the equity shares commercial companies category on the London Stock Exchange, where it trades under the symbol FXPO and is a constituent of the FTSE 250 index. The FEEXY symbol reflects an American depositary receipt (ADR) related to Ferrexpo plc, providing access to the company for investors in U.S. markets.
The group reports that its operations have been supplying the global steel industry for over 50 years. Over this period, Ferrexpo has developed a global customer base that comprises premium steel mills in multiple regions. The company highlights that, before Russia's full-scale invasion of Ukraine in February 2022, it was the world's third largest exporter of iron ore pellets. This historical position underlines the scale of its pellet export activities prior to that event.
Ferrexpo’s business is closely tied to the basic materials and steel-related raw materials sector through its focus on iron ore pellet production. Its pellets are targeted at steelmakers that seek higher grade inputs and potential efficiency and emissions benefits in their steel production processes. The company’s long-standing role in supplying pellets to the global steel industry positions it as a notable participant in the iron ore pellet market, particularly in relation to premium-grade products.
The company has noted that it operates with a global customer base of premium steel mills. This indicates that its iron ore pellets are sold internationally to steel producers that require higher grade raw materials. The emphasis on high grade pellets and their described impact on carbon emissions and productivity is a central aspect of how Ferrexpo presents its role in the steel supply chain.
Business focus and products
Ferrexpo’s core activity, as described in its public communications, is the production of high grade iron ore pellets. These pellets are a specific form of processed iron ore that can be used by steelmakers as a feedstock in steel production. The company characterizes these pellets as a premium product compared to more commonly traded forms of iron ore.
Within the steel industry, the quality and grade of iron ore inputs can affect both the efficiency and environmental profile of steelmaking. Ferrexpo states that its high grade pellets enable reduced carbon emissions and increased productivity for steelmakers when the pellets are converted into steel. This positions the company’s output as a specialized raw material offering within the broader basic materials and steel supply chain.
Geographic footprint and listing
Ferrexpo is described as a Swiss headquartered iron ore company with assets in Ukraine. This means its corporate base is in Switzerland while its asset base includes operations in Ukraine. The company’s equity shares are listed on the London Stock Exchange in the equity shares commercial companies category, trading under the symbol FXPO. It is also identified as a constituent of the FTSE 250 index, which is an index of companies listed in London.
The FEEXY symbol refers to an American depositary receipt (ADR) for Ferrexpo plc, which allows U.S. investors to gain exposure to the company through U.S.-traded instruments that represent interests in the underlying London-listed shares.
Role in the global steel industry
Ferrexpo reports that its operations have been supplying the global steel industry for over 50 years. This long operating history reflects a sustained presence in the supply of iron ore pellets to steelmakers. The company highlights that, prior to Russia's full-scale invasion of Ukraine in February 2022, it was the world's third largest exporter of pellets. This historical reference illustrates the scale of its pellet export business before that event.
The group also notes that it has a global customer base comprising premium steel mills around the world. This indicates that its iron ore pellets are used by steel producers in multiple markets, with an emphasis on mills that seek premium-grade raw materials. The company’s description of its pellets as enabling reduced carbon emissions and increased productivity suggests that these attributes are a key part of its value proposition to steelmakers.
Regulatory and legal context
Ferrexpo has publicly noted a media announcement in Ukraine by the State Bureau of Investigation regarding a potential claim to the High Anti-Corruption Court of Ukraine. The company has stated that it has not received any formal notification of such a claim and that it is working with legal advisors to understand the situation. This indicates that Ferrexpo monitors and responds to legal and regulatory developments that may relate to its operations or assets in Ukraine.
Investment context for FEEXY
FEEXY represents an ADR linked to Ferrexpo plc, giving investors a way to access the company’s equity through U.S.-traded instruments. Underlying this ADR is Ferrexpo’s business as a Swiss-headquartered iron ore company with assets in Ukraine, a listing on the London Stock Exchange, and a focus on high grade iron ore pellet production for the global steel industry.
Investors researching FEEXY are typically examining exposure to the basic materials sector, specifically iron ore pellets used in steelmaking. Key structural characteristics highlighted by the company include its long history of supplying the global steel industry, its global customer base of premium steel mills, and its historical position as one of the largest exporters of pellets before the full-scale invasion of Ukraine.
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No SEC filings available for Ferrexpo.
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Short Interest History
Short interest in Ferrexpo (FEEXY) currently stands at 4 shares, up 1000.0% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 71.4%. This relatively low short interest suggests limited bearish sentiment. With 1000.0 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for Ferrexpo (FEEXY) currently stands at 1000.0 days, up 22321.3% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 21313.1% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 1000.0 days.
