18
Nov
13:19
Mechel third-quarter earnings drop, sees coal price support
Mechel's third-quarter consolidated revenue slipped 5% quarter-on-quarter to RUB 102.9 billion ($1.4 billion). However, year-to-date revenue increased by 47% on-year to almost $4 billion.
Reduced steel earnings had the biggest impact on Q3 results after Russian authorities imposed additional export duties.
According to Mechel’s preliminary estimates, the temporary tariffs will cost the company about $13.7 million.
The company claims it tried its b…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous