14
Oct
01:00
Elga coal development remains Mechel Mining's bright spot
Mechel Mining has seen third-party sales fall 23% in first-half 2014 to $1.12bn, from $1.46bn in H1 2013. Ebitda has dropped 39% in the same comparison, to $152m, according to the Russian group's latest financial report seen by Kallanish.
“Weakening metallurgical coal and iron ore markets had a major impact on the division’s activities,” comments the division’s ceo Pavel Shtark. Contract prices for hard coking coal in the first half…
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Anonymous
Very good overview of the weekly steel market.
Anonymous