LKAB: Costs in Focus as Price Pressure Continues in the Market
Low iron ore prices and fewer deliveries are putting pressure on LKAB´s profitability. Meanwhile, effects to reduce costs are having a positive effect. Operating profit for the second quarter totalled MSEK -228 (-417). The world´s major iron ore producers continue to increase their production volume despite an oversupply of iron ore. Given the market situation, …