06
Jun
13:40
Mechel decreases first-quarter output, coal profitability amid costs
Russian miner and steelmaker Mechel saw a reduction in output of most products in the first quarter, although run-of-mine coal sales increased on higher demand.
Sales volumes increased for coking coal, rails and forgings. But they fell for long and flat products, iron ore concentrate and metallurgical coke, the company says in a statement seen by Kallanish.
Mined raw coal volumes fell 14% on-year in Q1 to 2.56 million tonnes, but rose 22% on-quarter. However, cok…
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Anonymous
Very good overview of the weekly steel market.
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