In 2018 the profit of Mechel, attributable to shareholders, reached 12.63 billion rubles, up by 9% YoY. Revenue increased by 5%, to 312.57 billion rubles, but EBITDA dropped by 7%, to 75.67 billion rubles. In the mining segment the revenue decreased by 3%, to 96.88 billion rubles, but in metal segment it grew by 9%,…
The Moscow Exchange plans to exclude common shares of the Russian metals and mining group Mechel from the lists of its main indices staring from March 22, the bourse said in a statement on February 27. “The Moscow Exchange has announced today the results of a quarterly review for the MOEX indices. All changes were…
Russian metals and mining group Mechel may lose its Elga project already this year in order to pay debts after 2020, five sources close to parties of the possible deal reported. The sources named industrial corporation Rostec, Vostokugol of Dmitry Bosov and Alexander Isayev and Coalstar of Eduard Khudainatov among companies interested in the Elga…
Mechel reports launching an online store to market the company’s rolls. Mechel Service LLC’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless rolls and others. The store’s website is www.mechelservice.ru. The website also shows updated…
Russian metals and mining group Mechel has restructured a $1-billion pre-export syndicated loan, the company said in a statement on January 22. “This became possible thanks to a credit line provided by VTB Bank in euros with maturity in April 2022. The grace period for the principal debt is set until April 2020,” the company…
Russian metals and mining giant Mechel has prolonged a contract with Turkish steel producer Kardemir to raise exports of metallurgic coke by almost 70%, to 200,000 tons in 2019, Mechel said in a statement on January 15. The company will sell coke produced by Mechel’s Moscow Coke and Gas Plant through the Mechel-Temryuk port in…
Mechel has prolonged the agreement to supply coal to Jidong Cement till the end of 2019. In 12 months the company will ship to China up to 2 million tons of power-generating coal mined by Elgaugol and Yakutugol enterprises. Monthly shipments will range between 100 thousand and 150 thousand tons of coal. “This is the…
In November-December under the program to modernize its transport fleet Mechel received some 150 open cars valued at 467 million rubles. The main suppliers were Altaivagon and Ruzkhimmash. The cars were both purchased and leased, At present Mechel-Trans operates some 11 thousand pieces of rolling stock. Next year it plans to buy 1 thousand open…