Sweden’s Epiroc said on Tuesday it expected current levels of demand to prevail in the near term after it reported lower than expected quarterly mining equipment orders, sending its shares lower. Epiroc, which competes against Sweden’s Sandvik and Finland’s Metso, said its order intake inched up to 10.06-billion Swedish crowns ($1.06-billion) in the first quarter, just below the 10.17-billion forecast in a poll of analysts.
