01
Mar
15:14
Mechel's earnings rise significantly on favourable market
Russian miner and steelmaker Mechel saw 2021 consolidated revenue increase by 51% on-year to RUB 402 billion ($3.85 billion). In the fourth quarter alone, it rose 11% on-quarter to RUB 114 billion. This was on the back of favourable trends in steel and related commodity markets, the company tells Kallanish.
Despite a correction in coal prices at the end of last year, on average, Mechel’s steel sales prices went up by 60% year-on-year and average co…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous