28
Apr
01:00
LKAB makes profit but cost cutting continues in Q1 and beyond
Sweden’s LKAB continued to make money in its first operating quarter of 2015 even as the global iron ore market dipped, the miner says in its Q1 15 operating report sent to Kallanish.
The global iron ore market continues to be influenced by the structural oversupply of iron ore fines, says LKAB ceo Lars-Eric Aaro. Demand for LKAB’s products remained high during the quarter but the fall in iron ore prices puts pressure on margins, unde…
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Anonymous
Very good overview of the weekly steel market.
Anonymous