In January-March Mechel produced 1.055 million tons of steel, down by 6% YoY.
Pig iron output also dropped by 6%.
“We’ve focused on the manufacture of sections and mastering new sizes of beams. Because of the stable demand for these products, we have increased their output by 17%. We now produce some 20 types of beams and rails for the construction and railroad industries. Flat rolled metal sales grew by 8% QoQ, mostly due to a large order on stainless steel sheet”, Mechel CEO Oleg Korzhov said. (Ukrainian metal)