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TheStreet Open House

Mechel Reports 9M2013 Operational Results

MOSCOW, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 9M2013 operational results.

Production and sales for 9M2013*

Production:

Product name 9M2013, thousand tonnes 9M2012, thousand tonnes % 3Q2013, thousand tonnes 2Q2013, thousand tonnes %
Coal (run-of-mine) 20,430 20,794 -1.7 7,028 6,997 0
 
Pig Iron 2,908 3,107 -6 913 1,023  -11
 
Steel 3,648 5,101 -28 1,098 1,249  -12

Sales :

Product name 9M2013, thousand tonnes 9M2012, thousand tonnes % 3Q2013, thousand tonnes 2Q2013, thousand tonnes
             
Coking coal concentrate 8,349 9,029 -8 2,615 2,891 -10
             
Including coking coal concentrate supplied to Mechel enterprises 1,699 1,950 -13 475 611 -22
             
PCI 2,567 1,703 +51 1,124 626  +79
             
Anthracites 1,603 1,937 -17 472 589 -20
             
Including anthracites supplied to Mechel enterprises 99 246 -60 55 41 +34
             
Steam coal 4,499 4,490 0 1,508 1,441 +5
             
Including steam coal supplied to Mechel enterprises 1,318 1,120 +18 442 449 -2
             
Iron ore concentrate 3,083 3,219 -4 1,097 947 +16
             
Including iron ore concentrate supplied to Mechel enterprises 21.0 268 -92 7.7 7.8 -2
             
Coke 2,291 2,707 -15 729 765 -5
             
Including coke supplied to Mechel enterprises 1,523 1,903 -20 473 530 -11
             
Ferrosilicon 72 57 +26 24 25.1 -5
             
Including ferrosilicon supplied to Mechel enterprises 25 22 +11 8 8,5 -10
             
Long products 2,747 3,107 -12 936 970 -3
             
Including those produced by third parties 891 666 +34 313 345 -9
             
Flat products 468 534 -12 159 124 +28
             
Including those produced by third parties 243 303 -20 88 62 +42
             
Billets 651  1,950 -67 91 205 -56
             
Including those produced by third parties 242 751 -68 63 92 -32
             
Hardware  653 737 -11 227 222 +2
             
Including those produced by third parties 68 39 +73 31 25 +25
             
Forgings 52 39 +34 16 18 -13
             
Stampings 76 83 -8 25 26 -5
             
Electric power generation (thousand kWh) 2,890,768 3,097,211 -7 734,734 961,698 -24
             
Heat power generation (Gcal) 4,728,075 5,409,167 -13 782,421 1,222,534 -36
             
*Excluded are the data on chrome sales due to the sale of Voskhod Mining Plant and Tikhvin Ferroalloy Plant to Turkey's Yildirim Group, which was announced on August 1, 2013.
Excluded are the data on nickel sales due to the December 2012 halting of Southern Urals Nickel Plant due to negative trends in the global nickel market and unfavorable prognosis for this market in the foreseeable future.

Mechel OAO's Chief Executive Officer Evgeny Mikhel commented on the company's 9M2013 operational results:

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