Russian mining and steel group Mechel has announced its consolidated financial results for the first half of the current year. In the first half, Mechel saw a net loss of $225.28 million compared to a net loss of $646.06 million in the first half of 2014. In the first half this year, Mechel's sales revenues decreased by 33.8 percent year on year to $2.27 billion. In the same period, the company's operating income increased from the $15.15 million registered in the same period of 2014 to $238 million.
The revenue of Mechel's mining segment from external customers in the first half of the current year totaled $753 million, down 32 percent, while its steel segment's revenue from external customers in the same period amounted to $1.28 billion, down 34 percent, both compared to the corresponding period of 2014.