Mechel cuts coal production by 17% in Q1 to 2.13 mln tons

Mechel’s coal production fell by 17% to 2.13 mln tons in January-March 2025 and increased steel production by 14% to 863,000 tons, the company said in a statement. At the same time, pig iron production increased by 10% in three months to 769,000 tons. Sales of coking coal concentrate declined by 7% year-over-year, amounting to 1.06 mln tonnes, while sales of thermal coal rose by 4%, reaching 903,000 tonnes. At the same time, anthracite sales during the reporting period increased by 1% to 260 ...
29 May 2025., 10:15   comment

Russian Steel Association forecasts 2.5% growth in steel exports as demand in Russia falls

The Russian Steel Association expects steel exports to increase by 2.5% in 2025, the association's president Alexey Sentyurin said at the "Scrap of Ferrous and Nonferrous Metals" Forum. “In 2021 we shipped maximum volumes for export of 31 million tons, they had to be reduced last year to 20 million tons - that's a minus of almost 35%. This year, given the months that have already passed, we hope that exports will maintain the increase in rates, so for the year, we think we will be able to increase ...
21 April 2025., 11:30   comment