Russia: Mechel profit up in H1 2019

In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…

Russia: Mechel net loss down in H1 2019

In January-June the net loss of Mechel totaled 352.683 million rubles, down 22.3-fold YoY.

Revenue grew 1.6-fold, to 9.813 billion rubles. Gross profit increased 1.6-fold, to 9.795 billion rubles.

Sales profit was 9.039 billion rubles, up 1.6-fold. (Ukrainian metal)

Russia: Mechel reports changes in management

Igor Khafizov has been appointed CEO of Mechel-Mining.

He has replaced Pavel Shtark, who has been appointed the Mechel deputy CEO on prospective development.

Khafizov has been working for Mechel for 27 years. Since 2017 he has been Mechel-Mining deputy CEO.

He was responsible for the operation of Yakutugol and Elgaugol. (Ukrainian metal)

Russia: Mechel to increase coal output

This year Mechel coal output plan envisages the increase to 20-25 million tons. “Last year the output dropped by 9% YoY, to 18.8 million tons. Thus, the optimistic scenario presupposes the restoration of the output almost to the level of 2017. In 2020 the company sees the potential of the coal output growth to 25…

Russia: Mechel orders 15 BelAZs

Mechel has concluded an agreement with BelAZ on the delivery of 15 quarry dump trucks with the combined cost of 2 billion rubles. The new machines with the lifting capacity of 130 to 220 tons will arrive at Mechel enterprises in Kemerovo and Irkutsk regions: 11 BelAZs will be operating at the Yuzhniy Kuzbass pits,…

Russia: Mechel net profit up in Q1 2019

In January-March, Mechel net profit grew 3.44-fold YoY and 7-fold QoQ, to 11.336 billion rubles. Gross profit increased 3.3-fold YoY, to 11.714 billion rubles. EBITDA dropped by 17%, to 15.322 billion rubles, though it grew by 2% QoQ. The group net debt as of March 31 was 456.585 billion rubles ad opposed to 467.704 billion…

Russia: Mechel increases coke exports to Turkey

Mechel has signed an agreement to supply metallurgical coke to Kayseri Sugar, the largest sugar producer in Turkey. According to the agreement, Mechel will have to deliver up to 90 thousand tons of coke in 2019-2021 (some 30 thousand tons each summer). The price will be determined during negotiations. “Turkey is one the priority export…

Ukraine: Mechel pays for DMEZ in full

Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011.

The group lost control over the plant 3 years ago.

Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018.

In February Mechel paid the last installment. (Ukrainian metal)

Russia: Mechel profit up in 2018

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%,…

Russia: Mechel launches steel trade online store

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 The website also shows updated…