Russia: Mechel IFRS net profit down in 2019

The net profit attributable to shareholders of the Russian metals and mining group Mechel dropped by 81%, to 2.409 billion rubles in 2019, as calculated under International Financial Reporting Standards (IFRS). Consolidated revenue decreased by 5%, to 296.567 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) went down by 29%, to 53.428…

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Ukraine: steel output up in January-February 2020

In January-February, Ukraine increased steel output by 0.4% YoY, to 3.553 million tons. Rolled metal output grew by 7.3%, to 1.68 million tons, but that of pig iron dropped by 4.6%, to 3.14 million tons. Iron ore concentrate manufacture increased by 3.4%, to 10.547 million tons, but that of sinter fell by 0.3%, to 5.137…

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