27
Aug
16:56
Mechel's Q2 output, financials enjoy major gains
Russian miner and steelmaker Mechel clocked its "highest quarterly revenue in a decade" in the second quarter by ramping up sales of its products in response to favourable market conditions, ceo Oleg Korzhov says.
Q2 saw continuing demand and rising prices for its key product - coking coal, on the back of lower mining volumes in China and reduced supply from Mongolia. Mechel expects the trend to continue at least until Q4. Mechel's Q2 coal mining vol…
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Anonymous
Very good overview of the weekly steel market.
Anonymous