19
Nov
13:31
Mechel's third-quarter earnings falls on lower output, sales
Mechel's third-quarter consolidated revenue slipped -5% quarter-on-quarter to RUB 74.9 billion ($1.17 billion), dragging year-to-date revenue down by -4% on-year to $3.58 billion.
The decline was on the back of weaker coal markets and lower steel product sales on account of vital blast furnace repairs (see separate Kallanish article).
The mining segment's revenue from external customers fell -7% on-quarter in Q3 to $367.2 million on low…
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Anonymous
Very good overview of the weekly steel market.
Anonymous