turnover fell to 3.768 billion kronor, against 4.177 billion kronor a year earlier.
the recent upturn iron ore prices are expected to LKAB’s chief executive to be temporary, since it is still an expected oversupply of iron ore products.
“Location is still challenging for LKAB and efforts to introduce a new corporate structure in order to adapt the company to the market conditions and bring out the responsibilities detailed production currently underway, “writes LKAB in the interim report.
LKAB intends during the second quarter submit a detailed action plan to reduce costs by 800 million on an annualized basis from the second quarter of 2017.
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