LKAB (Luossavaara-Knrunavaara AB) is a Swedish state-owned mining company and one of the principal suppliers of iron ore to the European steel industry since its foundation in 1890. In spite of the present competition from overseas iron ore producers, the main deliveries are still directed to many of the most important steel works in the EEC. In recent years, there has been a trend towards redistribution by a decrease of output to the EEC and simultaneously a growing share in Eastern Europe, Scandinavia and overseas customers in the USA, Mexico, Argentina, the Middle East and Indonesia, some of them using direct reduction methods for steel making.
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