16
Aug
13:45
Mechel’s Chelyabinsk slashes earnings in January-June
Chelyabinsk Metallurgical Plant (ChMK), part of Mechel, decreased revenue in January-June, Kallanish notes.
ChMK's revenue in the reporting period fell 19.6% on-year to RUB 11.7 billion ($121 million). Six-month net loss was RUB 10.94 billion against RUB 29.94 billion net profit in the first half of 2022, according to the company's financial statements.
"The dynamics of financial indicators is due to a decrease in the average selling price and a slig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous