16
Feb
15:15
Non-recurring costs hit LKAB's profit in 2016
Swedish iron ore miner LKAB says that it saw both production and deliveries increase and costs reduce in full-year 2016. Despite witnessing record levels of pellet production, the effect of non-recurring items still meant that the result for the year was a loss, the company says in a results statement sent to Kallanish.
LKAB expects the market situation to remain largely unchanged in 2017. The oversupply situation within iron ore fines remains, which means conti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous