Russia: Mechel shares grow by 8%

Mechel ordinary shares have grown in price by 8.47% at the Moscow Stock Exchange. The cost of a share was 93.77 rubles, with the peak at 94.3 rubles. In the first days of the Stock Exchange operation in January, Mechel shares became 60% more expensive – 99.6 rubles on January 8 as opposed to 63.14…

Russia: Mechel shares price growing

On January 8 the price of ordinary shares of Mechel increased by 30.8%, to 99.8 rubles. Premium shares became 28.85% more expensive – 114.8 rubles. The highest price of the ordinary shares was 104 rubles, up by 64% from the final trades of 2019, and of premium shares – 123.6 rubles, up by 38.7%. (Ukrainian…

Russia: Mechel output down in Q3 2019

In July-September Mechel increased coal output by 15% QoQ, to 5.29 million tons. In 9 months mining dropped by 7%, to 13.429 million tons. Pig iron manufacture in Q3 decreased by 7%, to 794 thousand tons, and in January-September – by 10%, to 2.52 million tons. In Q3 Mechel produced 888 thousand tons of steel,…

Russia: Mechel revenue down in Q3 2019

In July-September Mechel received 74.9 billion rubles of revenue, down by 5% QoQ and by 6% YoY. In 9 months revenue decreased by 4% YoY, to 228.2 billion rubles. EBITDA in Q3 dropped by 9% QoQ and by 29% YoY, to 15 billion rubles. Losses accountable to the shareholders in July-September amounted to 571 million…

Russia: Mechel profits in January-September 2019

In January-September Mechel received 4.58 billion rubles of net profit as opposed to a net loss of 11.484 billion rubles last year. Revenue grew by 28%, to 12.157 billion rubles. Gross profit increased by 28.1%, to 12.094 billion rubles, and sales profit – by 31.7%, to 10.888 billion rubles. Mechel’s fixed liabilities decreased by 11.3%,…