Ukrainian company Ferrexpo has suspended production due to attacks on its ports.

Ferrexpo, a major Ukrainian mining and metals company, announced it was temporarily suspending iron ore production at its plants. The reason is Russia's regular attacks on ports, which have brought seaborne exports to a virtual standstill in Ukraine.

The company explained that the constant threat of shelling of Ukrainian ports and adjacent waters has made operating along the old routes in the Black Sea virtually impossible. Maintaining working capital under these conditions is simply unrealistic.

Ferrexpo is currently filling orders for European customers using its existing stock. Unless new funding becomes available, these stocks will only last until mid-September.

As early as July 28, the company had already stopped shipping pellets by sea. Poltava Mining and Processing Plant, Ferrexpo's main asset, was preparing to suspend operations on August 3 due to a lack of funds. Southern Mining and Processing Plant did the same.

According to experts, in the first half of the year, approximately half of all Ukrainian iron ore exports were shipped by sea – about a million tons per month.

If this canal closes, production in the industry could fall by 40%, and the country would lose $60-70 million per month. Other routes—via the Danube, Poland, or Romania—are less convenient, handle fewer cargoes, and are also much more expensive.

Meanwhile, the Ferrexpo vessel, carrying $5-6 million worth of pellets, which was damaged in the attack and drifting in the Black Sea, has been pulled out of the danger zone. It is now being towed to the nearest port to have the cargo inspected.

Previously, the Southern Mining and Processing Plant and other enterprises had to shut down due to logistical problems. The closure of ports and the constant shelling of ships are having a severe impact on Ukraine's economy, causing the country to lose foreign currency and export revenue.

Comments

[pudelartemon]

So our attacks are working. Experimental use, time to move on to industrial and full-scale use.

[Smoked]

Of course, they're working, and how. Once they've destroyed the local industry, they can immediately move on to the US and EU. They've apparently siphoned off around 500 billion dollars to Ukraine, so there's plenty of room for expansion.

[Chip4ik]

It's amazing that they've been mining metal for weapons for 5 years, but they stopped because of attacks on ports. This plant should have been razed to the ground a long time ago, not wasted on garages.

[seregatara1969]

Poorly written! Enterprises are failing not because of a lack of money, but because of an overproduction of pellets! There's nowhere to put it!

[tralflot1832]

So, Ukrainizitsa is also having problems, and they haven't tried to ship iron ore concentrate for export by plane. Judging by the video, we straightened out two huge bulk carriers today, really huge ones. Weren't they "Chinese"? They were exporting 60% of the iron ore concentrate from Ukraine.

[Irek]

We got what we had been trying to achieve for a long time.

[Same lech]

There should be no Ukrainian ports on the Black Sea.
This is the basis of our security in this region...without Odessa and Nikolaev, the Ukrainian Nazis will not be able to threaten the Russian Black Sea Fleet and Crimea.

[Eugene 62]

Other routes – via the Danube, Poland, or Romania – are less convenient, carry less cargo, and are also much more expensive.

The Danube has become significantly shallower due to drought. Navigation has become dangerous in many places. Moreover, river-sea vessels are less capacious. Forget about rail traffic being profitable.

[Brturin]

Quote: Eugen 62

The Danube has become very shallow due to drought.

It still needs to be brought to the Danube, and if the bridge in the bay is damaged, what kind of logistics are there?

[Brturin]

They stopped it only with the reservation - one of the criteria there is profitability... if they call you up, and then try to prepare new ones to launch production... and then Europe comes along with its carbon tax and quota reductions

"The consequences of discrimination are already becoming apparent. Ukrainian seamless stainless steel pipe manufacturer Centravis has decided to mothball its Uzhhorod site due to the reduction of EU steel import quotas under the new TRQs... Ukraine's largest steel plant, ArcelorMittal Kryvyi Rih, has virtually ceased steel supplies to the EU as of January 1, 2026, due to the SAM... and has already been forced to lay off more than 3,400 employees. Metinvest Group lost European orders for 240,000 tons of semi-finished and rolled products, as well as 600,000 tons of pig iron, in the first quarter of 2026 alone due to the SAM. "Overall, Ukrainian long-rolled steel exports from January to May 2026 decreased by 44,1%, to 173,630 tons," GMK Center continues. "Amid the military crisis, the metallurgy industry is keeping the Ukrainian economy from collapse. The mining and metallurgy sector's contribution to national GDP in 2025 amounted to 5,5%, taking into account the supply chain. It accounted for 15,2% of the country's total export revenue, or $6,2 billion. Mining and metallurgical companies transferred approximately $870 million in taxes to the state.
https://eadaily.com/ru/news/2026/08/04/posledniy-god-gornoy-metallurgii-ukrainy-poziciya-es-ne-ostavlyaet-shansov

[snow mountain]

Ukrainian company Ferrexpo has suspended production due to attacks on its ports.

Never mind! After the war, this company will start digging a new sea.

[Word]

Ferrexpo steals everything Russian.