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23 Apr
11:01

LKAB's MENA sales surge in first quarter

LKAB’s Middle East and North Africa iron ore sales surged 25% on-year in the first quarter to SEK 2.85 billion ($338.8 million). The region’s share in consolidated sales nevertheless fell to 24.4% from 30.5% in Q1 2020 as deliveries to Europe rebounded sharply. LKAB’s consolidated Q1 deliveries fell 5% on-year to 6.9 million tonnes, with the proportion of pellet in sales dropping 1 percentage point to 88% (see Kallanish passim). Net sales neverth…
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