16
Feb
14:53
Iron ore price plunge drives LKAB to loss
Swedish miner LKAB say that it expects the market situation for iron ore to remain largely unchanged in 2016. Though far from being news, the opinion reinforces the current parlous state of the global industry for the product, Kallanish notes. The company made a loss in 2015, it confirm, after seeing heavy impairment costs mangle its earnings.
The oversupply situation in iron ore fines will remain, putting pressure on iron prices and thus also on LKAB’s pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous