Interim Report January–March 2026: Lower earnings and weaker market conditions
LKAB began the first quarter of 2026 with lower earnings compared to the same period in the previous year. The lower earnings are mainly attributable to poor market conditions with a weaker US dollar and lower pellets premiums, combined with higher energy prices.Net sales for the first quarter 2026 totalled MSEK 7,907 (9,622), a decline linked to weaker US dollar (USD), lower iron ore prices and lower pellets premiums. Lower delivery volumes also impacted sales revenues, which totalled 6.3 (6.5) Mt for the quarter. Operating profit for the quarter totalled MSEK 860 (3,638) and the lower