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Mechel issues H1 operational results

Wednesday, 10 August 2011 17:47:03 (GMT+3)   |  
       
Mechel, one of the leading Russian mining and steel groups, has said that in the first half of the current year it managed to to exceed on most major points the operational results for the same period last year, with its coking coal concentrate production increasing by 28 percent year on year and its output of coal for steel production (PCI) rising by 242 percent year on year.

The company's coal output declined five percent yaer on year. Mechel's CEO Yevgeny Mikhel said that the minor decrease in coal production was due to a temporary halt of Yakutugol's Nerungrinskaya washing plant.

Meanwhile, in January-June, Mechel's crude steel production rose by one percent, its flat steel production increased by 61 percent all compared to the same period last year.

Jan-June 2011 (mt)

Y-o-Y change (%)

Coal

12,532,700

-5

Coking coal concentrate

4,470,200

+28

PCI

731,200

+242

Steam coals

3,327,700

+0.1

Iron ore concentrate

2,242,100

+20

Nickel

8,400

+4

Ferrosilicon (65% and 75%)

46,200

+4

Ferrochrome (65%)

26,100

-15

Coke 

1,691,500

-7

Pig iron

1,837,400

-11

Steel

3,009,300

+1

Flat products

373,000

+61

Long products

2,055,200

+11

Billets

1,412,100

+50

Hardware

457,200

+20

Forgings

41,500

+4

Stampings

58,900

+33


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