Leading Russian miner & steelmaker Mechel PAO has reported YoY shrinkage in coal, pig iron & steel production in July-September 2022 quarter.Run-of-mine coal - 2.790 million tonne, down 12% YoYPig iron - 0.744 million tonne, down 9% YoYSteel - 0.828 million tonne, down 10% YoY Mechel’s Chief Executive Officer Mr Oleg Korzhov said “Mechel decreased its quarterly overall coal output by 12% due to a decrease in mining at Southern Kuzbass Coal Company's facilities. This factor, as well as the increased periods of delivery to ports due to railway repairs that limited the railroad infrastructure's carrying capacity, prompted the 15-percent decrease in coking coal concentrate's sales quarter-on-quarter.” Mr Korzhov said "In this accounting period, Chelyabinsk Metallurgical Plant held a major overhaul campaign, which involved blast furnace #1, converter #2 and concaster-5. This led to a decreased output of pig iron and steel (by 9% and 10% respectively compared to 2Q2022). Overall sales of rolled longs went down by 5% due to decreased exports. The downward trend in average prices for steel rolls, which began in 2Q2022, became even more pronounced in the third quarter. Sales of rolled flats remained mostly at 2Q2022's level.” Sale – Jul-Sep’22 QuarterCoking coal concentrate - 1.050 million tonne, down 15% YoYPCI - 0.254 million tonne, up 15% YoYAnthracites - 0.336 million tonne, down 14% YoYThermal coals - 0.879 million tonne, up 21% YoYIron ore concentrate - 0.461 million tonne, down 9% YoYCoke - 0.525 million tonne, down 7% YoYFerrosilicon - 0.014 million tonne, down 33% YoYLong rolls - 0.646 million tonne, down 5% YoYFlat rolls - 0.101 million tonne, down 1% YoYHardware - 0.124 million tonne, down 6% YoY Mechel is an international mining and steel company. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
Leading Russian miner & steelmaker Mechel PAO has reported YoY shrinkage in coal, pig iron & steel production in July-September 2022 quarter.Run-of-mine coal - 2.790 million tonne, down 12% YoYPig iron - 0.744 million tonne, down 9% YoYSteel - 0.828 million tonne, down 10% YoY Mechel’s Chief Executive Officer Mr Oleg Korzhov said “Mechel decreased its quarterly overall coal output by 12% due to a decrease in mining at Southern Kuzbass Coal Company's facilities. This factor, as well as the increased periods of delivery to ports due to railway repairs that limited the railroad infrastructure's carrying capacity, prompted the 15-percent decrease in coking coal concentrate's sales quarter-on-quarter.” Mr Korzhov said "In this accounting period, Chelyabinsk Metallurgical Plant held a major overhaul campaign, which involved blast furnace #1, converter #2 and concaster-5. This led to a decreased output of pig iron and steel (by 9% and 10% respectively compared to 2Q2022). Overall sales of rolled longs went down by 5% due to decreased exports. The downward trend in average prices for steel rolls, which began in 2Q2022, became even more pronounced in the third quarter. Sales of rolled flats remained mostly at 2Q2022's level.” Sale – Jul-Sep’22 QuarterCoking coal concentrate - 1.050 million tonne, down 15% YoYPCI - 0.254 million tonne, up 15% YoYAnthracites - 0.336 million tonne, down 14% YoYThermal coals - 0.879 million tonne, up 21% YoYIron ore concentrate - 0.461 million tonne, down 9% YoYCoke - 0.525 million tonne, down 7% YoYFerrosilicon - 0.014 million tonne, down 33% YoYLong rolls - 0.646 million tonne, down 5% YoYFlat rolls - 0.101 million tonne, down 1% YoYHardware - 0.124 million tonne, down 6% YoY Mechel is an international mining and steel company. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
