15
Aug
10:05
LKAB's MENA sales surge despite squeezed steel margins
LKAB reported a 39% on-year surge in second-quarter revenue generated in the Middle East and North Africa to SEK 3.49 billion ($362.7 million). This represented 21% of the Swedish iron ore miner and pellet maker’s consolidated revenue versus 20% in the year-earlier quarter.
The surge came despite the steel industry in MENA being affected by a slowdown in demand, LKAB says in its second-quarter report (see separate Kallanish article). Steelmakers’ pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous