In January-June Mechel decreased steel output by 8% YoY, to 2.051 million tons.
The decrease was the result of the scheduled repairs of machinery in the sinter-blast furnace and oxygen-converter shops of Chelyabinsk Iron and Steel Works.
A major repair of the continuous casting machine No. 5, carried out in Q2, reduced the loading of the rail and beam mill, which affected the sales volumes.
At the same time, bars sales grew by 6% QoQ due to the increase in the sales of rebars and construction beams. (Ukrainian metal)