Mechel's coal production for 9 months of 2023 amounted to 7.385 million tons, down 16% year-on-year. Iron and steel production decreased by 2% to 2.369 million tons and 2.626 million tons, respectively. Sales of long products declined 7% to 1.828 million tons, while flat products sales fell 5% to 290,000 tons. Sales of coking coal concentrate decreased by 28...

Mechel's RAS net profit for 9 months of 2023 amounted to ₽31.377 billion, up 14.6 times from ₽2.149 billion in the previous year. Revenue fell 43.9% to ₽11.989 billion against ₽21.383 billion a year earlier.

Conditions of the amicable agreement between Gazprombank and Mechel Mining and Metallurgical Company provide for debt repayment within two years on terms comfortable for the parties, conversion of debt into rubles and forgiveness of part of the total debt. This will allow Mechel to significantly reduce its debt load and reduce unsettled loan obligations in i...

Gazprombank and Mechel filed a petition with the Ninth Arbitration Court of Appeal to approve a settlement agreement on Gazprombank's claim to recover $244.2 million from the steel company. Earlier, the court scheduled for September 25 the consideration of Mechel's appeal against the decision of the Moscow Arbitration Court, which in July fully satisfied the...