Mechel produces 1.3 million tons of steel in Q1, 2013

Mechel Plc. announces the production and sales results of Q1, 2013.

General Director of the company Yevgeniy Mikhel commented on the results of the company’s work in Q1, 2013, “In Q1 the expected reduction of coal mining compared o Q4, 2012 happened due to less favourable conditions of open mining during winter months. At the same time, the revival of metallurgical coals market in the beginning of the year and the company’s efforts aimed at expanding of the customer base made it possible to increase sales of coking coal, anthracites and PCI at the outer market (to APR, first of all) and the domestic market, including the deliveries to North American market from Mechel-Bluestone which resumed its operation in the beginning of the year. Totally, in Q1 sales of coking coal increased by 13% compared to Q4, 2012, sales of anthracites – by 19% and PCI coal – by 13%. Sales of energy coal increased as well – by 9% compared to Q4, 2012 – mainly due to increment of deliveries to energy enterprises of the group.