In the steel segment of Mechel, the production dynamics since the beginning of the year was also positive. We attribute this to optimization of the loading of the main technological machinery as well as launching of new capacities and the constantly improving price situation in the markets. Because of the successes of our sales division, Mechel Service Global we have managed to considerably progress in conquering new segments of the market and in expanding the geography of sales of metallurgical products of the company.Despite scheduled repairs of the Blast Furnace Number 5 at Chelyabinsk Metallurgical Plant in May this year at the end of Q2, the steel division notably improved the sales of its key products, rebar and hardware by 46% and 12% respectively. This was made possible first of all due to a very well developed warehouse and network of Mechel Service Global and accurate planning which is based on seasonal fluctuations of prices on construction materials.
Mechel's Management Discusses Q2 2011 (1H 2011) Results - Earnings Call Transcript
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