In 2016 Mechel produced 4.252 million tons of steel, down by 2% YoY. According to the company statement, pig iron output remained on 2015 level – 4.053 million tons, while coal mining dropped by 2%, to 22.683 million tons. In Q4 2016 Mechel increased coal output by 1% QoQ, to 5.6 million tons, that of…
The Rosprirodnadzor (the Federal service of supervision in environment) has found out that Mechel-koks works in Chelyabinsk has been polluting the air. The service ruled the polluting equipment to be shut down. The service is preparing documents for the court to shut down the works for 90 days. Mechel-koks does not agree with the service…
Mechel-Service, the metal-trading company of Mechel, has sold 3 thousand tons of metal from its new warehouse in Vladivostok. The new site started operating in November 2016. It is the 59th warehouse of Mechel-Service in 43 cities of Russia. The main consumers of metal in the region are construction companies and ferroconcrete manufacturers, followed by…
In 2016 Mechel-Service, the metal trading company of Mechel, increased sales by 6% YoY. In particular, the company sold 1.9 million tons of metal. The growth was marked in rebars (by 6%), beams (by 24%), strips (by 31%), metal wares (by 5%), stainless steel (by 8%) and shaped sections (by 6%). Pipe sales showed the…
Russian metals and mining group Mechel and the country’s second largest bank VTB have signed an agreement to delay debt redemption till April 2022. The company has also agreed to extend the repayment of 45 million euros of debt on trade financing until April 2022. Mechel CEO Oleg Korzhov said that the signing of the…
Chelyabinsk Iron and Steel Works, a part of Mechel, has given another loan to Mechel until June 22, 2022. According to the company statement, the value of the loan is 1.4 billion rubles. Mechel borrows money from its main metal works on regular basis. In January ChMK lent 1.3 billion rubles to its owner, 1.4…
Mechel-Service has sold 20 million tons of metal since it has been created. Mechel-Service was founded in 2005 in Chelyabinsk, where its main supplier – Chelyabinsk Iron and Steel Works – is situated. Now the company offices are present in all the federal districts of Russia, with 57 warehouses in 42 cities. Having started with…
Russia’s second lender VTB’s position that the debt of metals producer Mechel should be unified is not really rational, a member of the company’s board of directors Alexander Shokhin reported. Mechel earlier agreed to restructure $5.1 billion out of its $6.2 billion debt, including about $1 billion of debts to VTB. In September, First Deputy…
