The world's third-largest exporter of iron ore pellets, Swiss company Ferrexpo plc, plans to re export high-grade iron ore pellets to the Japanese market and restore them to pre war levels within the next three years. Before the Russo Ukrainian War, the company's total export of ball balls to Japan accounted for about 10% of Japan's total demand. However, due to the port blockade after the outbreak of the war, the company was unable to achieve exports to Japan