Russian steel maker Mechel General Director Mr Oleg Korzhov said “The upward trend in the average selling prices of the main raw materials and metallurgical products, which emerged in 2021, was consolidated in the 1st quarter of 2022, however, in the 2nd quarter it began to gradually weaken. In July-August prices continued their downward movement. We believe that the positive dynamics of the markets at the beginning of the year is a consequence of the recovery of global demand after several waves of the coronavirus pandemic.”Mr Korzhov added “The metallurgical division performed stably in the reporting period, the volumes of steel production and pig iron production increased by 7% and 6%, respectively. Against the backdrop of consumer concerns about possible supply disruptions, buoyant demand for long products was observed in the 1st quarter. Starting from the 2nd quarter, due to export restrictions and a surplus in the domestic market, there has been a reverse trend. The negative dynamics of prices for almost all types of metal products is still observed. We increased sales in the long products segment by 6%. Flat steel sales decreased by 10%.”Production April-June 2022 QuarterCoal -3.165 million tonne, up 12% YoYSteel – 0.924 million tonne, down 1% YoYSales April-June 2022 QuarterCoking coal concentrate - 1.230 million tonne, up 45% YoYPCI coals – 0.221 million tonne, down 6% YoYAnthracites- 0.390 million tonne, up 36% YoYEnergy coals – 0.728 million tonne, down 14% YoYIron ore concentrate – 0.506 million tonne, up 37% YoYCoke – 0.567 million tonne, down 3% YoYFerrosilicon - 21 kilo tonne, down 5% YoYLong products – 0.677 million tonne, up 5% YoYFlat products -0.102 million tonne, up 1% YoYHardware – 0.117 million tonne, down 16% YoYForged Products - 7 kilo tonne, down 46% YoYStampings - 14 kilo tonne, down 33% YoY
Russian steel maker Mechel General Director Mr Oleg Korzhov said “The upward trend in the average selling prices of the main raw materials and metallurgical products, which emerged in 2021, was consolidated in the 1st quarter of 2022, however, in the 2nd quarter it began to gradually weaken. In July-August prices continued their downward movement. We believe that the positive dynamics of the markets at the beginning of the year is a consequence of the recovery of global demand after several waves of the coronavirus pandemic.”Mr Korzhov added “The metallurgical division performed stably in the reporting period, the volumes of steel production and pig iron production increased by 7% and 6%, respectively. Against the backdrop of consumer concerns about possible supply disruptions, buoyant demand for long products was observed in the 1st quarter. Starting from the 2nd quarter, due to export restrictions and a surplus in the domestic market, there has been a reverse trend. The negative dynamics of prices for almost all types of metal products is still observed. We increased sales in the long products segment by 6%. Flat steel sales decreased by 10%.”Production April-June 2022 QuarterCoal -3.165 million tonne, up 12% YoYSteel – 0.924 million tonne, down 1% YoYSales April-June 2022 QuarterCoking coal concentrate - 1.230 million tonne, up 45% YoYPCI coals – 0.221 million tonne, down 6% YoYAnthracites- 0.390 million tonne, up 36% YoYEnergy coals – 0.728 million tonne, down 14% YoYIron ore concentrate – 0.506 million tonne, up 37% YoYCoke – 0.567 million tonne, down 3% YoYFerrosilicon - 21 kilo tonne, down 5% YoYLong products – 0.677 million tonne, up 5% YoYFlat products -0.102 million tonne, up 1% YoYHardware – 0.117 million tonne, down 16% YoYForged Products - 7 kilo tonne, down 46% YoYStampings - 14 kilo tonne, down 33% YoY
