Higher iron ore price strengthens earnings
The year has started positively for LKAB with an increased production volume and operating profit for the first quarter. The cost efficiency programmes implemented in recent years have strengthened LKAB’s competitiveness, while at the same time iron ore prices have risen. During the quarter the spot price (1) for iron ore was traded at the highest price level since autumn 2014 and demand for upgraded iron ore products remains good.The operating profit for the first quarter amounted to MSEK 1,710 (171) and net sales to MSEK 5,541 (3,768). It is mainly higher market prices for iron ore and