Date: 4 weeks ago   Category: Industry

Mechel in the first half of the year has reduced coal mining by 6% — up to 9,69 million tons — Rambler News Service


Mechel in the first half of the year 2018 has reduced coal mining by 6% in comparison with the same period of last year, up to 9,69 million tons, the company has reported. Production of cast iron has dropped by 5%, up to 1,93 million tons, the production of steel has decreased by 8%, up to 2,05 million tons. In the II quarter 2018 in comparison with the I quarter coal mining has decreased by 5% — up to 4,73 million tons, production of cast iron — for 4%, up to 943 thousand tons, became — for 6%, up to 995 thousand tons. "Decrease in volume of coal mining has happened due to reduction of production of power brands and redistribution of the available capacities in favor of the coked brands. Extraction of steam coal has increased only in Elgaugol in connection with the general growth of volume of production therefore we have expanded geography of supply of the enriched steam coal from the Elginsky field, having carried out the first deliveries to India, Myanmar and Vietnam" — the CEO of Mechel Oleg Korzhov has noted. Mechel — mining and metallurgical holding which includes 20 enterprises for production of coal, iron ore, steel, a hire, ferroalloys, thermal and electric energy. The products of Mechel are sold on Russian and the foreign markets.

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