Mechel

Chelyabinsk Metallurgical Plant increases processing of iron-containing waste

The Chelyabinsk Metallurgical Plant (ChMK, part of the Mechel Group) doubles the processing of iron-containing sludge in the framework of the environmental program.

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In H1, Mechel’s net profit under IAS fell by 40%

In the first six months of 2017, the net profit of Mechel under IAS decreased by 40% compared to the same period last year to 4.99 billion rubles, the company informs.

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Mechel reduced plan of capital costs in 2017 by two times

Mechel has reduced its capital expenditure plan for 2017 from 12.5 to 5.5-6 billion rubles, general director of Mechel Oleg Korcheov said during the conference call.

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Mechel expects to mine 23 mln tons of coal in 2018

Next year, Mechel plans to produce about 23 million tons of coal, said general director of the company Oleg Korzhov.

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In H1, Mechel reduced coal mining by 10% to 10.33 mln tons

In the first six months of this year, the sales of coking coal concentrate fell by 9% to 4.072 million tons in comparison with the same period last year.

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In H1, Izhstal increased production volume

In the first six months of the year, Izhstal (a part of the Mechel Group) increased production and sales volumes by 31% in comparison with the same period of the previous year.

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VEB reconstructs Elga debt of Mechel

VEB has extended the terms of repayment, made a new schedule and reduced the loan rate by $167 million to the Elga deposit operator - Elgaugol (a subsidiary of Mechel).

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In H1, Mechel’s net loss under RAS grew almost 4 times

In the first six months of 2017, the net loss of Mechel under RAS increased 3.8 times compared to the same period in 2016 and amounted to 17.41 billion rubles, the company reports.

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Mechel convinces VEB - state corporation to restructure $150 million loan for Elginskoye field

Following the state-owned banks, which account for 71% of the 469 billion ruble debt of Igor Zyuzin's Mechel, Vnesheconombank (VEB) also decided to restructure the loan to Mechel's subsidia

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