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TheStreet Open House

Mechel Reports 1H2013 Operational Results

Stocks in this article: MTL

MOSCOW, Aug. 2, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 1H2013 operational results.

Production and sales for 1H2013

Production:            
Product name 1H2013, thousand tonnes 1H2012, thousand tonnes % 2Q2013, thousand tonnes  1Q2013, thousand tonnes %
Coal (run-of-mine) 13,403 13,380 0 6,997 6,406 +9
Pig Iron 1,995 2,015 -1 1,023 972  +5
Steel 2,550 3,392 -25 1,249 1,300  -4
             
Sales:            
Product name 1H2013, thousand tonnes 1H2012, thousand tonnes % 2Q2013, thousand tonnes 1Q2013, thousand tonnes %
Coking coal concentrate 5,734 6,238 -8 2,891 2,843 +2
Including coking coal concentrate supplied to Mechel enterprises 1,224 1,297 -6 611 613 0
PCI 1,443 1,074 +34 626 817  -23
Anthracites 1,130 1,350 -16 589 541 +9
Including anthracites supplied to Mechel enterprises 45 189 -76 41 4 +1065
Steam coal 2,991 2,896 +3 1,441 1,551 -7
Including steam coal supplied to Mechel enterprises 876 718 +22 449 427 +5
Iron ore concentrate 1,986 2,073 -4 947 1,039 -9
Including iron ore concentrate supplied to Mechel enterprises 13.3 158 -92 7.8 5.5 +43
Coke 1,561 1,853 -16 765 796 -4
Including coke supplied to Mechel enterprises 1,049 1,339 -22 530 519 +2
Nickel 0 8 -100 0 0 0
Including nickel supplied to Mechel enterprises 0 1.1 -100 0 0.6 0
Ferrosilicon 48.0 35 +35 25.1 22.8 +10
Including ferrosilicon supplied to Mechel enterprises 16.9 15 +15 8.5 8.4 +2
Chrome 21.6 40 -46 11.5 10.1 +14
Including chrome supplied to Mechel enterprises 3.1 4 -22 1.7 1.4 +25
Flat products 309 391 -21 124 185  -33
Including those produced by third parties 155 237 -34 62 94 -34
Long products 1,811 1,978 -8 970 841 +15
Including those produced by third parties 578 403 +43 345 233 +48
Billets 560  1 224 -54 205 355 -42
Including those produced by third parties 180 611 -71 92 88 +5
Hardware  426 463 -8 222 204 +9
Including those produced by third parties 37 25 +49 25 12 +97
Forgings 37 28 +33 18 19 -4
Stampings 51 56 -8 26 25 +5
Electric power generation (thousand kWh) 2,156,035 2,252,048 -4 961,698 1,194,337 -19
Heat power generation (Gcal) 3,945,654 4,483,835 -12 1,222,534 2,723,119 -55

Mechel OAO's Chief Executive Officer Evgeny Mikhel commented on the company's 1H2013 operational results:

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