Mechel reports coal, steel production decline in 9M 2023

Business & Economy November 23, 2023, 16:12

Coal extraction dropped by 16% to 7.38 mln metric tons

MOSCOW, November 23. /TASS/. Mechel reduced steel casting by 2% year on year to 2.6 mln metric tons in January -September 2023, the Russian mining and metals company said.

Coal extraction dropped by 16% to 7.38 mln metric tons. Pig iron production contracted by 2% over nine months of this year to 2.37 mln metric tons.

At the same time, coal mining in the third quarter of this year gained 17% quarterly to 2.85 mln metric tons. Steel and pig iron production dropped respectively by 5% to 839,000 metric tons and 753,000 metric tons.

Cocking coal concentrate sales declined by 28% to 2.25 mln metric tons in January - September 2023, Mechel reports. Flat products sales lost 5% to 290,000 metric tons. Stampings sales gained 6% to 46,000 metric tons. At the same time, rolled section steel sales declined by 7% to 1.82 mln metric tons. Sales of forgings plunged by 13% to 26,000 metric tons.

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