In 3Q 2012, the steel segment's operating loss totaled $42.9 million, or -2.4% of the segment's revenue, versus an operating loss of $471.0 million, or -24.0% of total segment revenue, in 2Q 2012. The adjusted EBITDA in the steel segment in 3Q 2012 decreased by 18.1% and amounted to $74.7 million, compared to the adjusted EBITDA of $91.3 million in 2Q 2012. The adjusted EBITDA margin of the steel segment was 4.27% in 3Q 2012, versus an adjusted EBITDA margin of 4.65% in 2Q 2012. Depreciation and amortization in the steel segment decreased by 3.4% from $41.2 million in 2Q 2012 to $39.8 million in 3Q 2012.Commenting on the steel segment's results, Mechel-Steel Management OOO's Chief Executive Officer Vladimir Tytsky noted:
Mechel Reports The 9M 2012 Financial Results
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