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TheStreet Open House

Mechel Reports 1Q2013 Operational Results

Stocks in this article: MTL

MOSCOW, May 13, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL) , one of the leading Russian mining and metals companies, announces 1Q2013 operational results.

Production and sales for 1Q2013

Production:

             
Product name 1Q2013, thousand tonnes 4Q2012, thousand tonnes 1Q2013 vs. 4Q2012, % 1Q2013, thousand tonnes 1Q2012, thousand tonnes 1Q2013 vs. 1Q2012, %
Coal (run-of-mine) 6,406 6,970 -8 6,406 6,413 0
Pig iron 972 1,054 -8 972 1,023 -5
Steel 1,300 1,430 -9 1,300 1,655 -21

Sales:

             
Product name 1Q2013, thousand tonnes 4Q2012, thousand tonnes 1Q2013 vs. 4Q2012, % 1Q2013, thousand tonnes 1Q2012, thousand tonnes 1Q2013 vs. 1Q2012, %
Coking coal concentrate   2,843 2,513 +13 2,843 3,181 -11
Including coking coal concentrate supplied to Mechel enterprises 613 640 -4 613 628 -2
PCI   817 725 +13 817 503 +62
Anthracites   541 453 +19 541 614 -12
Including anthracites supplied to Mechel enterprises 4 25 -86 4 58 -94
Steam coal 1,551  1,420 +9 1,551 1,504 +3
Including steam coal supplied to Mechel enterprises 427 419 +2 427 355 +20
Iron ore concentrate 1,039 1,171 -11 1,039  1,118 -7
Including iron ore concentrate supplied to Mechel enterprises 5 12 -53 5 150 -96
Coke  796 854 -7 796 889 -10
Including coke supplied to Mechel enterprises 519 546 -5 519 669 -22
Nickel 0 0.5 0 0 4.2 0
Including nickel supplied to Mechel enterprises 0 0 0 0 0.6 0
Ferrosilicon 22.8 22 +6 22.8 18.0 +27
Including ferrosilicon supplied to Mechel enterprises 8.4 7.6 +10 8.4 7.2 +16
Chrome 10.1 17 -40 10.1 17.2 -41
Including chrome supplied to Mechel enterprises 1.4 2 -1 1.4 2.5 -43
Flat products 185 184 +1 185 214 -14
Including those produced by third parties 94 94 0 94 141 -34
Long products 841 966 -13 841 937 -10
Including those produced by third parties 233 242 -4 233 196 +19
Billets 355 652 -46 355 540 -34
Including those produced by third parties 88 130 -33 88 268 -67
Hardware and welded mesh 204 239 -15 204 213 -5
Including those produced by third parties 12 17 -28 12 11 +18
Forgings 19 18 +3 19 18 +5
Stampings 25 28 -10 25 28 -10
Electric power generation (thousand kWh) 1,194,337 1,175,399 +2 1,194,337 1,213,029 -2
Heat power generation (Gcal) 2,723,119 2,536,507 +7 2,723,119 3,202,981 -15

Mechel OAO's Chief Executive Officer Evgeny Mikhel commented on the company's 1Q2013 results:

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