22
Apr
13:50
LKAB posts record first-quarter operating profit
LKAB posted a record operating profit in the first quarter, supported by higher iron ore spot prices and pellet premiums.
The company's operating profit reached SEK 7.1 billion ($842.1 million), up some 124% year-on-year. Net sales were also up, but only by 52% y-o-y to SEK 12.2 billion.
These records were achieved despite production and deliveries not increasing compared with the same period last year. Production stood stable at 7.4 million tonnes, while del…
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Anonymous
Very good overview of the weekly steel market.
Anonymous