Iron ore production and shipments production of iron ore products in the mining division amounted to 6.7 million tonne in the Q3.

It totals shipments for the period amounted to 6.5 million tonne of which 5.4 million tonne were pellets. Stocks amounted to 2.2 million tonne at the end of September.

In comparison with the same period last year, production costs are unchanged. Lower iron ore prices led to a decrease in the gross profit margin of circa 7% points to 53%. The negative effects of the margin decline are partially offset by a higher average dollar rate. Net sales decreased to MSEK 6,233 (7,516) and operating profit amounted to MSEK 3,170 (4,481).

Source - LKAB mining division

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