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23 Mar

Mechel’s output increases slightly, sales fall amid sanctions

Mechel's steel and mineral output increased last year, while sales volumes of most products decreased, Kallanish notes. Merchant washed coking coal sales fell 8% on-year to 2.5 million tonnes and by 25% on-quarter in the fourth quarter alone to 546,000t. The main reason were restrictions on rail transportation of products to Far Eastern ports in the second half of 2022. PCI sales decreased by 14% to 931,000t in 2022 and fell 13% on-quarter in Q4 to …
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