Mechel

Yakutugol's open-cut increase stripping in 2018

The open-cuts of the Yakutugol Holding Company (part of Mechel) increased stripping work rates in 2018.

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Izhstal increases deliveries to machine builders by 22%

The Izhstal plant (part of Mechel) delivered more than 63 thousand tons of metal products to domestic engineering enterprises in 2018, which is 22% higher than the 2017 supply volume.

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Mechel completes restructuring of loan from pool of foreign banks for $1 bln

Mechel has completed refinancing of a syndicated pre-export credit (PXF) from a pool of foreign banks for $1 billion, the company reported.

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Mechel extended cooperation with Japanese company Itochu Corporation

Mechel has announced signing of a cooperation agreement with one of the largest universal trading companies in Japan, Itochu Corporation, providing for an increase in coal supplies.

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Chelyabinsk Metallurgical Plant increases deliveries of beams to Europe

The Chelyabinsk Metallurgical Plant (ChMK, part of Mechel) expanded the range of beam products. The plant has started production of 7 new I-beams for the European market.

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Mechel-Coke modernizes gas discharge on coke battery

Mechel-Coke (part of the Mechel group) has begun the reconstruction of the gas discharge system of coke-oven battery No. 7. New equipment will reduce emissions in the production of coke.

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Mechel reduces its share of loans in US dollars by two times

Since the beginning of the year, Mechel has reduced its share of debt in dollars by two times,the  financial director of the company Nelly Galeeva said during the conference call.

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In 2018, Mechel’s investments to be 6.5-7 bln rubles

In 2018, total investment of Mechel will amount to 6.5-7 billion rubles, the company's general director Oleg Korzhov said at the conference on results of the reporting.

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In the first 9 months, Mechel’s net profit fell by 1%

In January-September 2018, the net profit of Mechel Group decreased by 1% compared to the level of the same period in 2017 to 10.997 billion rubles, it follows from the company's report.

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In the first 9 months, Mechel reduced coal production by 7.8%

In the first 9 months of 2018, Mechel reduced coal production by 7.8% to 14.472 thousand tons, the company reports. In the same period of 2017, the coal production made up 15 694 thousand tons.

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