A summary of Swedish state-owned iron-ore producer LKAB's financial results for the fourth-quarter and the full year 2020.
In briefImproved demand for both steel and for iron ore in the fourth quarter 2020 in the EU and Middle East and North Africa (MENA) had a positive effect on LKAB's deliveries to Europe.EU steelmakers have increased production and brought back idled capacity, although the market outlook is uncertain because of Covid-19. LKAB's lower iron ore output in October-December 2020 was mainly attributed to extended maintenance at Kiruna mine, while delivery volumes were unaffected. High iron ore deliveries and rising global iron ore prices are driving LKAB's...