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Mechel PAO (MTL)

MTL on New York Consolidated

2.10USD
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Russia's Mechel says core earnings down 22 pct q/q
Thursday, 21 Mar 2019 06:32am EDT 

March 21 (Reuters) - Russian mining and steel group Mechel says::Core earnings were at 15 billion roubles ($235.3 million) in the fourth quarter, down 22 percent from 19.2 billion roubles in the third quarter;.Fourth quarter net profit was at 1.63 billion roubles, down 74 percent from 6.3 billion roubles in the third quarter;.Revenue in the fourth quarter was at 75.6 billion roubles, down 5 percent from 79.97 billion roubles in the third quarter;.Coking coal concentrate sales were at 1.75 million tonnes in the fourth quarter, down 7 percent from 1.9 million tonnes in the third quarter;.Fourth quarter steel output was at 0.91 million tonnes, down 2 percent from 0.93 million tonnes in the third quarter;.The company's net debt was at 468 billion roubles at the end of 2018..  Full Article

Mechel PAO Prolongs Coal Supply Contract With China’S Jidong Cement
Wednesday, 19 Dec 2018 07:00am EST 

Dec 19 (Reuters) - Mechel PAO ::MECHEL PROLONGS COAL SUPPLY CONTRACT WITH CHINA’S JIDONG CEMENT.MECHEL - PROLONGING CONTRACT FOR COAL SUPPLY WITH CHINA'S JIDONG CEMENT UNTIL END OF 2019..  Full Article

Russia's Mechel expects to produce 4 mln t of steel in 2018, 4.4 mln t in 2019
Tuesday, 27 Nov 2018 10:59am EST 

Nov 27 (Reuters) - Russian steel and coal producer Mechel PAO says::EXPECTS COAL OUTPUT AT 19.5- 20 MILLION T IN 2018 - CEO.EXPECTS COAL SALES AT 15.7 MILLION T IN 2018.PLANS TO INCREASE COAL OUTPUT IN 2019 TO AROUND 25 MILLION T.EXPECTS TO PRODUCE 4 MILLION T OF STEEL IN 2018, 4.4 MILLION T IN 2019.  Full Article

Russia's Mechel says Q3 coal output up 1 pct q/q
Tuesday, 27 Nov 2018 03:00am EST 

Nov 27 (Reuters) - Russian steel and coal producer Mechel PAO says::Coal output was at 4.78 million tonnes in the third quarter, up 1 percent compared to the previous three months;.Third quarter sales of coking coal concentrate were at 1.88 million tonnes, down 2 percent quarter-on-quarter;.Steel output slipped 7 percent compared to the second quarter to 925,000 tonnes..  Full Article

Russia's Mechel cuts 2018 coal output forecast
Wednesday, 22 Aug 2018 01:10pm EDT 

Aug 22 (Reuters) - Russian coal and steel producer Mechel says::Mechel has downgraded its forecast for Mechel's 2018 coal production to 21 million tonnes from previously expected 23.3 million tonnes.Mechel said earlier on Wednesday its coal output in the second quarter fell 5 percent compared with the first quarter to 4.7 million tonnes. nR4N1UT027.  Full Article

Russia's Mechel sees higher sales of coking coal concentrate in Q2-CEO
Thursday, 24 May 2018 11:45am EDT 

May 24 (Reuters) - Russian coal miner Mechel ::Plans to increase sales of coking coal concentrate to 2.0-2.2 million tonnes in Q2 from 1.6 million tonnes in Q1, Chief Executive Officer Oleg Korzhov said on Thursday..  Full Article

Mechel Signs Cooperation Deal With Russian Export Center
Thursday, 24 May 2018 11:37am EDT 

May 24 (Reuters) - Mechel PAO ::MECHEL SIGNS COOPERATION AGREEMENT WITH RUSSIAN EXPORT CENTER.MECHEL - SIGNING 5-YEAR COOPERATION DEAL WITH RUSSIAN EXPORT CENTER.  Full Article

Russia's Mechel says sees 2018 coal production at 23.3 mln T
Thursday, 5 Apr 2018 12:02pm EDT 

April 5 (Reuters) - Mechel PAO says::RUSSIA'S MECHEL SAYS SEES 2018 CAPEX AT 11.5 BILLION RBLS, INCLUDING 6.5 BILLION RBLS FOR INVESTMENT PROJECTS;.RUSSIA'S MECHEL SEES COAL PRODUCTION AT 23.3 MILLION T IN 2018;.RUSSIA'S MECHEL SAYS PLANS TO PRODUCE 10.7 MILLION TONNES OF COKING COAL CONCENTRATE;.RUSSIA'S MECHEL SAYS BUDGETED IN 2018 COAL PRICES AT 2017 LEVEL;.  Full Article

Mechel - Reports Nelli Galeeva's Appointment As Company's CFO
Wednesday, 10 Jan 2018 08:31am EST 

Jan 10 (Reuters) - Mechel PAO ::MECHEL - REPORTS NELLI GALEEVA'S APPOINTMENT AS COMPANY'S CHIEF FINANCIAL OFFICER.  Full Article

Mechel Pao Reports CFO Sergey Rezontov Is Leaving Co
Friday, 29 Dec 2017 06:30am EST 

Dec 29 (Reuters) - Mechel Pao ::MECHEL REPORTS CHANGE IN MANAGEMENT.MECHEL - REPORTS THAT CHIEF FINANCIAL OFFICER SERGEY REZONTOV IS LEAVING COMPANY.MECHEL - REZONTOV DECIDED TO LEAVE POST OF MECHEL PAO'S CHIEF FINANCIAL OFFICER FOR PERSONAL REASONS.  Full Article

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Steel producer Mechel's 2018 profits fall 7 percent on lower sales

MOSCOW Russian steel and coal producer Mechel said on Thursday its 2018 core earnings fell 7 percent versus the previous year, with lower sales in the mining division only partly offset by higher coal prices.