26
Oct
01:00
LKAB sees profits tumble on falling iron ore price
Swedish miner LKAB’s third quarter operating results, monitored by Kallanish, pulls clearly into focus the effect of the plummeting iron ore price on medium size producers. During 2014 the company has seen net sales fall to the lowest level for several years and net profit tumble into a loss over the last two quarters.
Net sales from July to September fell year-on-year by 24.3%. Year-to date sales for the first nine momths also fell by 9.7%. The compan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous