Interim Report April–June 2023: Lower iron ore prices impact earnings
LKAB’s operating profit for the second quarter amounted to MSEK 2,257. Price levels for iron ore products fell during the quarter and as in the same period last year, operating profits was affected by significant scheduled maintenance shutdowns which resulted in low production and high costs.Net sales for the second quarter totalled MSEK 9,350 (12,375), primarily affected by lower iron ore prices and delivery volumes. Operating profit amounted to MSEK 2,257 (5,719) and was also affected by higher costs during the quarter, mainly associated with price increases for energy and other inputs