Mechel, Russia Metals and Mining

Korshunovsky GOK updates equipment at its site

Since the beginning of the year, Korshunovsky mining plant (GOK, a part of Mechel) has installed four magnetic separators at the enrichment plant.

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Mechel reduces its net loss by 4 times

In 2016, the Mechel's net loss under RAS amounted to 7.873 billion rubles, which is more than four times less than in 2015, this follows from the company's accounts.

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Mechel has launched a new longwall face in Yuzhny Kuzbass

Its reserves make up 369 thousand tons of coal.
Mechel has launched a new longwall face at the Lenin mine which is in the structure of Yuzhny Kuzbass, the company reports.

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Mechel reduced net loss under RAS by 4 times to 7.87 bln roubles in 2016

Mechel reduced its net loss under RAS by 4 times to 7.87 bln roubles in 2016, is said in the company’s RAS report. The net loss on the results of 2015 made up 31.9 bln roubles.

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Southern Kuzbass keeps technical re-equipment

Southern Kuzbass (part of Mechel Group) upgrades the equipment of the central dressing plant “Siberia”.

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Izhstal makes profit for the first time in many years

Over the past eight years, Izhstal (the metallurgical segment of the Mechel Group, the managing company is Mechel-Steel) for the first time has made the net profit under RAS.

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Beloretsk metallurgical plant significantly reduced annual profit under RAS

Beloretsk metallurgical plant JSC (in the structure of Mechel) in 2016 made a net profit of 315.5 mln roubles under RAS, which is by 6.6 times lower than in 2015.

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Net profit of Chelyabinsk metallurgical plant grew to 15 bln roubles in 2016

On the results of 2016 Chelyabinsk metallurgical plant PJSC (Mechel group) significantly increased its net profit.

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Moody’s has revoked Mechel’s ratings

Moody"s Investors Service has revoked Mechel’s ratings by the reasons of the agency.

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Mechel increases sale of rolled metal

In 2016, Mechel reduced the steel production by 2% to 4.252 million tons, the press centre of the company reports.

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