Mechel, one of the leading Russian mining and steel groups, has announced its production and sales results for the second quarter and the first half of the current year.
Accordingly, in the second quarter this year, Mechel produced 881,000 mt of crude steel, 2.7 percent lower compared to the first quarter. Meanwhile, the company’s pig iron production in the second quarter this year decreased by 6.4 percent quarter on quarter to 781,000 mt, both due to the overhaul of Chelyabinsk Metallurgical Plant’s blast furnace No. 5. Meanwhile, the production of run-of-mine coal totaled 2.43 million mt, up 15.4 percent quarter on quarter. Meanwhile, in the first half, the company produced 1.78 million mt of crude steel, down by 3.5 percent year on year, while its pig iron production decreased 3.1 percent year on year to 1.61 million mt. The company’s production of run-of-mine coal in the first half totaled 4.53 million mt, down 24.2 percent year on year.
In the second quarter of the current year, Mechel’s coking coal concentrate sales rose by 26.4 percent quarter on quarter to 699,000 mt due to increased output at Southern Kuzbass Coal Company’s mines, with sales to third parties decreasing by 5.2 percent quarter on quarter to 306,000 million mt during the given period. In the first half, the company’s coking coal concentrate sales fell by 39.8 percent year on year to 1.25 million mt, with sales to third parties decreasing by 48.9 percent year on year to 629,000 mt during the given period.
The company’s thermal coal sales totaled 544,000 mt in the second quarter, down 22.2 percent compared to the first quarter. Mechel’s thermal coal sales in the first half totaled 1.24 million mt, down by 21.2 percent year on year.
In the second quarter of the current year, the company’s shipments of iron ore concentrate rose by 14.4 percent quarter on quarter to 349,000 mt. The company’s shipments of iron ore concentrate in the first six months decreased by 25.3 percent year on year to 654,000 mt.
The company’s sales of coke went down by 0.8 percent quarter on quarter to 555,000 mt in the second quarter of the current year, while in the first six months this year Mechel’s sales of coke decreased by 3.3 percent year on year to 1.11 million mt. Meanwhile, the company’s sales of ferrosilicon in the second quarter of the current year rose by 14 percent quarter on quarter to 21,000 mt.
In the first half, the company’s total sales of long steel products decreased by 7.4 percent year on year to 1.22 million mt and sales of flat steel products totaled 205,000 mt, up 0.4 percent year on year.