25
Oct
11:32
Higher prices help LKAB offset third-quarter demand slump
Higher premium iron ore prices helped LKAB offset an on-year decline in deliveries in the third quarter.
With lower demand and steel prices curbing steelmakers’ profitability, producers continue to prioritise purchases of cheaper iron ore of lower quality, which could affect LKAB’s delivery volumes, the Swedish miner says.
LKAB’s net sales increased 18% on-year in Q3 to SEK 7.75 billion ($802.1 million), with net profit up 34% to $1.95 billi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous