Turnover decreased by 8 percent year-on-year to SEK 7.2 billion.
Delivery volumes have been stable "despite continued disruptions in transport routes around the Middle East and the Strait of Hormuz," CEO Johan Menckel says in the report.
"It is a result of our work to adapt and redistribute deliveries to other customers, markets and ports."
Higher costs and currency effects had a negative impact.
"We continue to see high electricity prices but also significant increases linked to social transformation, development work and planned maintenance measures," says Menckel.
In June, LKAB announced that it had signed a collaboration agreement with Kiruna for the transformation of the city. The mining giant is supporting the municipality with SEK 1.8 billion.
