14
Aug
07:56
LKAB increases sales, as loss deepens on hedging
Swedish iron ore miner LKAB is continuing to focus on improving efficiency through cost control and through volume and productivity increases, it says in a statement on its second quarter results sent to Kallanish. Stable production and improved delivery volumes resulted an operating loss for the quarter, where hedging activities had the main negative impact.
“The hedges were entered into at the low iron ore prices that prevailed during the fourth qu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous