LKAB: CONTINUED PRICE DROP PUTS PRESSURE ON PROFITABILITY
The global iron ore market continues to be influenced by the structural oversupply of iron ore fines. The price level was reflected in LKAB’s operating profit for the first quarter, which amounted to MSEK 375 (1,946) with an operating margin of 9 (32) percent. The price of iron ore on the world market fell by …