16
Feb
08:24
LKAB lifts deliveries, profit soars on record prices
LKAB says exploration efforts have been successful and updated mineral resources and reserves will be presented in the first quarter. Work is yet to advance on eastern Malmberget, however. Iron ore deliveries rose 8% on-year in Q4 2020 to 7 million tonnes.
Net sales surged 31% in the quarter to SEK 9.08 billion ($1.1 billion), as the average spot price for iron ore soared to $134/tonne versus $89/t in Q4 2019. Quoted pellet premiums were on average $9/t lower on-y…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous