24
Jun
16:09
LKAB announces layoffs in Sweden
Swedish iron ore miner LKAB has announced further job cuts as part of its ongoing programme to cut costs. It has notified Arbetsförmedlingen, the Swedish labour market placement service, that the company will reduce its workforce by 95 positions, the company says in an announcement monitored by Kallanish.
LKAB must adapt to a new market situation, it says. In combination with an increasing supply of iron ore products, waning world demand for steel has resul…
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Anonymous
Very good overview of the weekly steel market.
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