19
Nov
15:23
Improved steel sales help stabilise Mechel third-quarter earnings
Mechel's third-quarter consolidated revenue slipped -0.2% quarter-on-quarter to RUB 64.4 billion ($843 million), dragging year-to-date revenue down by -11% on-year to $2.56 billion.
Following weaker financial results in the previous quarter, in Q3 the company stabilised revenue even as the markets for coal, its key product, were falling, it says.
Q3 Ebitda was RUB 9.3 billion ($121 million), up by 6% on-quarter. Nine-month Ebitda however amounted to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous