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Mechel's Crude Steel Output Decreased by 12 Percent From Q2 Level

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Core Tip: Mechel, one of the leading Russian mining and steel groups, has announced that in the third quarter this year its crude steel output decreased by 12 percent to 1.0

Mechel, one of the leading Russian mining and steel groups, has announced that in the third quarter this year its crude steel output decreased by 12 percent to 1.098 million mt, while its pig iron output declined by 11 percent to 913,000 mt, both quarter on quarter. Mechel's run-of-mine coal production in the third quarter remained stable compared to the second quarter at the level of 7.028 million mt.

In the third quarter this year, the company's steam coal sales saw a five percent increase quarter on quarter to 1.508 million mt. Coking coal sales in the third quarter this year decreased by 10 percent to 2.615 million mt, while iron ore concentrate sales rose by 16 percent to 1.097 million mt, both on quarter-on-quarter basis.

 
 
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