Interim Report April–June 2020: Weaker market for highly upgraded iron ore
During the second quarter LKAB’s production and delivery volumes were stable. Operating profit was negatively impacted, however, mainly as a result of a substantially lower price for highly upgraded iron ore products.Net sales for the second quarter amounted to MSEK 7,456 (9,233) and operating profit decreased to MSEK 1,883 (4,109), which is primarily a result of a market in which both the global spot price for iron ore and the price premium for highly upgraded iron ore products was lower than in the same period the previous year. Slightly lower delivery volumes as well as increased costs