A summary of Swedish state-owned iron-ore producer LKAB's financial results for the second quarter - April 1-June 30 - of 2020.
In briefLKAB attributes its decreased earnings for the second-quarter period to lower prices for highly upgraded iron ore products.Fastmarkets's iron ore index for 62% Fe fines, cfr Qingdao averaged $93.52 per tonne in the second quarter 2020, down from $100.92 per tonne last year. The company ran into higher costs for its urban transformation provisions compared with the same period...