In January-March Mechel-Materials almost doubled the grinded slag production, to 40 thousand tons. The grinded slag improves concrete characteristics. Mechel-Materials started manufacturing this product in 2014. In the production the blast slag from Chelyabinsk Iron and Steel Works is used. (Ukrainian metal)
In 2016 Mechel received 276 billion rubles of revenue, with EBITDA at 66.2 billion rubles and net profit of 7.1 billion rubles. “Steel and raw materials markets last year had a lot of surprises. The year started with the steel price increase, then the coal market revived, and by December 2016 coal prices reached their…
Mechel reports that its cooperation agreement with Baosteel Resources, which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tons of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s…
The Federal Antimonopoly Service has stopped investigation in Mechel, Severstal and Evraz alleged increase of rebars prices. Last summer constructors and machine-builders applied to FAS as to the drastic increase in metal prices, in particular, of rebars (by 34-103% from December 2015 till May 2016). The service started investigating the matter in July 2016, suspecting…
The metal trading company of Mechel – Mechel-Service LLC – has supplied 210 tons of rebars for the construction of the first wind park in Russia, situated near the town of Ulyanovsk. The first wind power plant will consist of 14 generators (35 MW). Since the beginning of the year Mechel-Service has supplied 210 tons…
In 2017 Mechel-Service plans to sell over 2 million tons of rolled metal (1.9 million tons in 2016) and open at least two new divisions. “We will be using the combined strategy – expand sales geography and increase client base, as well as improve servicing. This year we intend to take part in all major…
Chelyabinsk Iron and Steel Works has made 23 deals with Mechel and its divisions on providing the group with 6.5 billion rubles and 9.7 billion rubles to its divisions. The total cost of the contracts is 16.2 billion rubles. One loan of 2.2 billion rubles will be given till April 1, 2022. 3 agreements with…
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…