MechelPAO announces that it intends to release its operational and financial results for thefirst quarterperiod ending March 31, 2020, on Tuesday, May26,2020. Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel [...]
Mechel PAO reports closing the deal on the sale of companies comprising Elga Coal Complex, and signing agreements with Gazprombank and VTB Bank prolonging the debt maturity of the credit lines by 10 years. In accordance with this agreement, Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to [...]
Mechel PAO reports launching an upgraded furnace at Bratsk Ferroalloy Plant. The upgrade boosted the ferroalloy ore-smelting furnace's capacity from 25 MVA to 33 MVA. This will enable the plant to increase the furnace's output by 40%. Investment totaled approximately 1.1 billion rubles. Bratsk Ferroalloy Plant's four furnaces are its key production [...]
Mechel Group's sales network Mechel Service is supplying steel rolls for construction of infectious disease hospitals designed to fight coronavirus all over Russia. As part of the government's plan to prevent the spread of coronavirus, rapidly erectable medical centers designed for fighting infectious diseases are being built. Construction works [...]
Mechel PAO announces that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission. The report is also available at Mechel PAO website www.mechel.com Shareholders may also request a hard copy of Mechel's latest 20-F with complete audited financial statements free of [...]
Mechel PAO announces financial results for the FY2019. Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "Consolidated EBITDA for 2019 went down by 29% as compared to 2018. The key factor in that was the decrease in the steel segment's EBITDA due to steel product output and sales reduction as Chelyabinsk Metallurgical Plant implemented a [...]
Mechel PAO announces 2019 operational results. Mechel PAO's Chief Executive Officer Oleg Korzhov commented on operational results. "For us, 2019 became a year of major equipment reconstruction projects in our steel segment and restoring the equipment pool in our mining division. We have seen results of this effort at Southern Kuzbass Coal Company [...]
MechelPAO announces that it intends to release its operational and financial results for the full year period ending December 31, 2019, on Thursday, March 19, 2020. *** Mechel PAO Alexey Lukashov Phone: +74952218888 e-mail: alexey.lukashov@mechel.com *** Mechel is an international mining and steel company. Its products are marketed in Europe, Asia [...]
Mechel PAO reports launching two upgraded key facilities at Chelyabinsk Metallurgical Plant - blast furnace #4 and converter #1. Investment totaled 4.5 billion rubles. Presidential Plenipotentiary Representative in Russia's Urals Federal District Nikolai Tsukanov, Chelyabinsk Region's Governor Alexei Texler, Chairman of Mechel PAO's Board of [...]
Mechel PAO announces financial results for the 3Q2019. Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "Consolidated EBITDA went down by 9% in 3Q2019 quarter-on-quarter. This was due mainly to the weakness of coal markets, as well as a decrease in steel output and steel product sales because of repairs at our facilities, including [...]
Mechel PAO announces that it intends to release its operational and financial results for the third quarter period ending September 30, 2019, on Tuesday, November 19, 2019. Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore [...]
Mechel PAO reports the launch of the Federal Grid Company of Unified Energy System ’s 220-kW Elgaugol electrical substation and 220-kW Prizeiskaya-Elgaugol electric power line. Federal Grid Company supplies the line with electricity from Russia’s united energy system. The transfer to centralized electricity supply will enable Elgaugol [...]
