30
Aug
12:42
Mechel’s revenue falls on closed markets, unstable demand
Mechel's first half consolidated revenue slipped 22% on-year to RUB 194.7 billion ($2 billion), while Ebitda fell by 49% to RUB 40 billion due to lower market prices for all types of mining products and lower sales volumes.
However, the company’s second-quarter revenue increased by 6% on-quarter to RUB 99.7 billion, while Ebitda was 34% more at RUB 22.9 billion. Improved market trends in the steel division and decreased cost of sales in the min…
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Anonymous
Very good overview of the weekly steel market.
Anonymous