Mechel Group is looking for investors for the Guryevsky Metallurgical Plant in Kuzbass. Enterprise has been incurring significant losses for several years, but its closure is impossible due to its importance for the region, said Stanislav Cherdantsev, head of the Guryevsky District.

Mechel’s loss under IFRS for 6 months of 2026 amounted to ₽43.2 billion, an increase of 6.7% compared to ₽40.5 billion in the previous year. Revenue decreased by 22.9% to ₽117.4 billion, compared to ₽152.3 billion a year earlier.

Coal production by Mechel over 6 months of 2026 amounted to 4.99 million tons, an increase of 9% year‑on‑year. Pig iron production decreased by 29%, to 1.03 million tons. Steel production fell by 31%, to 1.16 million tons. Sales of long products decreased by 12%, to 0.999 million tons, and sales of flat products fell by 34%, to 55,000 tons. The sales volume...

Key metallurgical and coal mining subsidiaries of Mechel have received accreditation to trade on the St. Petersburg International Mercantile Exchange (SPIMEX). The announcement was made by Mechel Chief Executive Officer Igor Khafizov. Accredited companies include the Chelyabinsk and Beloretsk Metallurgical Plants, Izhstal, Urals Stampings Plant, as well as t...