AT A GLANCE: LKAB's Q3 performance remains strong amid solid iron ore demand, high prices

A summary of Swedish state-owned iron-ore producer LKAB’s financial results for the third quarter of 2021, ending September 30

In brief
LKAB continued to deliver historically high operating profits in July-September 2021 amid strong demand from steelmakers and high iron ore prices.

Fastmarkets’ iron ore index for 62% Fe fines, cfr Qingdao averaged at $163.39 per tonne in the third quarter of 2021, up by $45.33 per tonne from an average of $118.06 per tonne in the third quarter of 2020. The prices, however, were $37.08 per tonne lower, dropping from a historical high of $200.47 in the second quarter of 2021.

LKAB maintained iron ore output...

Published

Julia Bolotova

October 28, 2021

12:11 GMT

Dnipro