Moscow, Russia
Moscow, Russia

Mechel is one of Russia’s leading mining and metals companies, comprising producers of coal, iron ore in concentrate, steel, rolled steel products. Headquartered in Moscow, sells its products in Russia and overseas, and is formally known as Open Joint Stock Company Mechel. Wikipedia.


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News Article | December 26, 2016
Site: globenewswire.com

MOSCOW, Dec. 26, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing agreements with VTB Bank for extending the maturity of the debt on its credit lines until 2022. According to the signed agreements totaling 70.2 billion rubles, payments on the debt was extended till first quarter of 2020 with repayment by the first quarter of 2022. Simultaneously conditions of the trade financing, with outstanding balance of 45 million euro, were also renegotiated and the deal was extended until April 2022. “We thank all our lenders for their constructive and balanced approach. Signing of the agreements with VTB Bank means that similar conditions on debt repayment that we made with Gazprombank and Sberbank will now come into force. So we can say that the extensive restructuring process with Russian state banks, which hold 67% of Mechel’s debt, is complete. This restructuring will enable the company to stabilize its financial position and focus on operational efficiency. We hope that this will also speed up restructuring agreement with our international lenders. Considering the positive trends on commodity markets and the additional cash flow from our implemented investment projects, we will make every effort to begin repaying our debt early, to decrease the company’s debts,” Mechel PAO’s Chief Executive Officer Oleg Korzhov noted. Mechel is an international mining and steel company which employs 66,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


MOSCOW, Nov. 25, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces that it intends to release its operational and financial results for the nine months period ending September 30, 2016, on Tuesday, November 29, 2016. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Oleg Korzhov, Chief Executive Officer, will host the call. The conference call will take place at the following time: Please dial the number below approximately 10 minutes prior to the scheduled time of the call. Listeners can access the conference call live over the Internet through a link on Mechel's web site at http://www.mechel.com/shareholders/report/ Please take 10 minutes prior to the call to visit the site and download presentation and any necessary audio software.  Additionally, a record of the webcast will be available on our web site. Mechel is an international mining and steel company which employs 67,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value added products. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


Steel Rebars  market research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Steel Rebars  Market report 2016-2020 focuses on the major drivers and restraints for the key players.  The Steel Rebars market research report is a professional and in-depth study on the current state of Steel Rebars Industry. Analysts forecast the global Steel Rebars Warming Devices market to grow at a CAGR of 6.42% during the period 2016-2020. The research report covers the present scenario and the growth prospects of the global Steel Rebars  industry for 2016-2020. Rebars are used as tensile devices in reinforced concrete to give strength and hold the concrete in tension. Apart from strength, rebars are used to absorb energy, adapt to extreme conditions, and hold stress during natural disasters.  The market is anticipated to grow at a rapid pace due to extensive construction activities in APAC. Non-residential constructions are the major end-users of rebars. In addition, institutions such as the Korea Concrete Institute are promoting the use of rebars for construction. China is the major market for rebars globally and is also a major exporter and producer. • ArcelorMittal • EVRAZ • Gerdau • Hebei Iron and Steel • Jiangsu Shagang • Nucor • Tata Steel Other prominent vendors  • Baosteel  • Celsa Steel • Heilongjiang Jianlong Iron and Steel  • Mechel The Steel Rebars market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Steel Rebars market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. • Industrialization and development in APAC • For a full, detailed list, view our report • Growth in renewable energy industry • For a full, detailed list, view our report The report provides a basic overview of the Steel Rebars industry including definitions, segmentation, applications, key vendors, market drivers and market challenges. The Steel Rebars market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status Through the statistical analysis, the report depicts the global Steel Rebars market including capacity, production, production value, cost/profit, supply/demand and import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. For Any Query, Contact Our Expert @ http://www.marketreportsworld.com/enquiry/pre-order-enquiry/10278550 Market Reports World is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.


Steel Long Products  market research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Steel Long Products  Market report 2016-2020 focuses on the major drivers and restraints for the key players.  The Steel Long Products market research report is a professional and in-depth study on the current state of Steel Long Products Industry. Analysts forecast the global Steel Long Products Warming Devices market to grow at a CAGR of 5.45% during the period 2016-2020. The research report covers the present scenario and the growth prospects of the global Steel Long Products  industry for 2016-2020. Steel long products include rebars, wire rods, tubes, sections, hot rolled bars, and rails. Out of these, rebars accounted for the largest share of the market in 2015. Rebars are also known as reinforcement steel or reinforcing steel. Steel long products are used by industries such as infrastructure and construction, transmission and distribution, automobile, and general engineering. • ArcelorMittal • EVRAZ • Gerdau • Hebei Iron and Steel • Jiangsu Shagang • NSSMC • Tata Steel Europe  Other prominent vendors  • Baosteel  • Celsa Steel • Heilongjiang Jianlong Iron and Steel  • Mechel  • Riva Group The Steel Long Products market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Steel Long Products market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. • Industrialization and development in APAC • For a full, detailed list, view our report • Growth in renewable energy industry • For a full, detailed list, view our report The report provides a basic overview of the Steel Long Products industry including definitions, segmentation, applications, key vendors, market drivers and market challenges. The Steel Long Products market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status Through the statistical analysis, the report depicts the global Steel Long Products market including capacity, production, production value, cost/profit, supply/demand and import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. For Any Query, Contact Our Expert @ http://www.marketreportsworld.com/enquiry/pre-order-enquiry/10278624 Market Reports World is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.


NEW YORK, December 7, 2016 /PRNewswire/ -- This morning, Stock-Callers.com reviews the performances of these four Steel and Iron equities: Companhia Siderurgica Nacional (NYSE: SID), Commercial Metals Co. (NYSE: CMC), Reliance Steel & Aluminum Co. (NYSE: RS), and Mechel PAO (NYSE:...


News Article | December 21, 2016
Site: globenewswire.com

SHANGHAI, China, Dec. 21, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports signing a memorandum for supply of the Elga deposit’s coal with China’s Jidong Cement, one of the world’s top five cement producers. According to the memorandum, Mechel will supply its Chinese partners from two to three million tonnes of steam coal (up to 250,000 tonnes monthly) mined at Mechel’s coal facilities — Elgaugol OOO, Yakutugol Holding Company AO and Southern Kuzbass Coal Company PAO. Supplies will be made starting in December 2016 and until December 2017. Prices will be adjusted on a monthly basis. “This is the first long-term agreement for the next year that our company has signed since coal prices recouped globally. We are particularly pleased that it involves increase of coal supplies from Elga, a new flagship of Russia’s coal industry in the Far East. With this contract, Jidong Cement becomes the top foreign consumer of Elga’s products,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark noted. Mechel is an international mining and steel company which employs 66,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


News Article | November 29, 2016
Site: globenewswire.com

MOSCOW, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the 9M 2016. “This reporting period is characterized by significant volatility in prices for our key products. At the beginning of this year, prices for most of our products hit historical lows both domestically and internationally. The market situation fluctuated throughout these three quarters, but mostly market changes were favorable for Mechel, which found its reflection in our financial results. As a result of these nine months, our operating profit went up by 31% if compared to the same period of the previous year, reaching 28.8 billion rubles, EBITDA went up by 16% to 41.6 billion rubles, and EBITDA margin reached 21%. The group demonstrated net profit attributable to Mechel PAO’s shareholders of 5.5 billion rubles and a stable cash flow. “This spring’s bullish price dynamics on the global market of steel and coal products also led to a revival of the domestic market. The group remains dependent on the external market environment, but on its part did its best to utilize the favorable market situation by controlling and cutting costs and improving production and sales efficiency, as well as adapting its sales policy to growing demand and investing in projects aimed at diversifying our product range and increasing production volumes. “In this favorable market situation, the group is already generating a cash flow sufficient for servicing its debt obligations within the framework of agreements on restructuring and restoring working capital. The effect from the price growth will be even more tangible as results from the fourth quarter come in. We will use this opportunity to the maximum to finance our operations and reach agreements on restructuring our remaining financial debt. If any free cash flow arises, it will be used to bring down our debt burden, thus helping to increase our company’s shareholder value.” *  EBITDA - Adjusted EBITDA. Please find the calculation of the Adjusted EBITDA and other non-IFRS measures used here and hereafter in Attachment A. “In early 2016, prices on coking coal, our division’s main product, were at their longtime lows. Steam coal prices were also extremely low. Later during the first half of the year, the market situation gradually improved, as benchmark and global indexes demonstrated stable growth, with our contract prices growing accordingly. However, in the second half of this year we witnessed an unprecedented hike in prices on high-quality coking coal. If benchmark contract prices for hard coking coal supplied by Australian producers to Japan were set at 92 US dollars per tonne in the third quarter, for the fourth quarter they were set at 200 US dollars per tonne. It is impossible to give an unequivocal explanation to this price hike, but experts mostly agree that it was caused by a deficit of premium coal grades on China’s domestic market due to mining limits imposed on Chinese coal producers. Force majeure events on several Australian facilities as well as damage to the transport infrastructure in China and Australia added to this. Coal stocks in Chinese ports were at their historical lows. At the same time, spot prices on high-quality coking coal continued to grow and are currently set at their historical highs, topping 300 US dollars per tonne, at a significant difference with contract prices set for the fourth quarter. Negotiations for the first quarter 2017 basic prices will start shortly, and considering the spot market indicators, we can expect the contract price level for the first quarter to be significantly higher quarter-on-quarter. “The rapid growth of coal prices, which began in mid-summer, didn’t have time to make a full impact on the third quarter’s financial results. We saw this hike’s reflection in our contracts only by the very end of this reporting period. Still, the division’s EBITDA has grown by 22% quarter-on-quarter, despite a small slump in revenue. The EBITDA margin reached 34% in the third quarter. The margin’s growth is largely due to a decrease in costs. The current favorable market situation will definitely be reflected in the results of the fourth quarter and future periods.” “The volume of the division’s product sales in tonnes has grown by less than 1% if compared to the same period of the previous year with the divisions revenue up by 6% and EBITDA by 8%. The stable level of prices for our steel products in the second and third quarters was a key factor in this positive dynamics. However, changes we made in the production and sales structure had a most important impact on the results’ improvement. We have significantly decreased sales of billets and wire rods while increasing sales of rails and beams. This was mostly due to increased production at Chelyabinsk Metallurgical Plant’s universal rolling mill. The increase in revenue from this production segment is on the whole comparable to the overall growth in the division’s revenue. Within nine months of 2016, the universal rolling mill produced over 350,000 tonnes of products, and will reach 500,000 tonnes by the end of this year. Considering that the mill’s load is planned to grow further next year, the share of high value-added products in our sales structure will only increase.” “Comparatively mild weather conditions led to a decrease in electricity and heat sales to third parties and thus the division’s revenue. Additional repairs to Southern Kuzbass Power Plant’s equipment as part of the overall preparation for the upcoming fall-winter maximum load, as well as other factors, will help to improve efficiency of the division’s operations in the future periods. At the same time, the increase of electricity fees not only partly compensated the slump in revenue, but also enabled us to increase EBITDA and EBITDA margin comparing with the same period of the previous year.” The management of Mechel will host a conference call today at 18:00 p.m. Moscow time (3:00 p.m. London time, 10 a.m. New York time) to review Mechel’s financial results and comment on current operations. The call may be accessed via the Internet at http://www.mechel.com, under the Investor Relations section. Mechel is one of the leading Russian companies. Its business includes three segments: mining, steel and power. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, hardware, heat and electric power. Mechel products are marketed domestically and internationally. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions. Attachments to the 9M 2016 financial results Press Release Non-IFRS financial measures. This press release includes financial information prepared in accordance with International Financial Reporting Standards, or IFRS, as well as other financial measures referred to as non-IFRS. The non-IFRS financial measures should be considered in addition to, but not as a substitute for the information prepared in accordance with IFRS. Adjusted EBITDA (EBITDA) represents net profit (loss) attributable to shareholders of Mechel PAO before Depreciation, depletion and amortization, Foreign exchange (gain) loss, net, Finance costs, including fines and penalties on overdue loans and borrowings and finance leases payments, Finance income, Net result on the disposal of non-current assets, Impairment of goodwill and other non-current assets, Write-off of accounts receivables, Allowance for doubtful accounts,  Write-off of inventories to net realisable value, Loss (profit) after tax from discontinued operations, net, Net result on the disposal of subsidiaries, Income (loss) attributable to non-controlling interests, Income tax expense (benefit), Pension service cost and actuarial loss, other expenses, Fines and penalties, Gain on write-off of accounts payable with expired legal term. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of our Revenue. Our adjusted EBITDA may not be similar to EBITDA measures of other companies. Adjusted EBITDA is not a measurement under IFRS and should be considered in addition to, but not as a substitute for, the information contained in our interim condensed consolidated statement of profit (loss). We believe that our adjusted EBITDA provides useful information to investors because it is an indicator of the strength and performance of our ongoing business operations, including our ability to fund discretionary spending such as capital expenditures, acquisitions and other investments and our ability to incur and service debt. While interest expenses, depreciation, depletion and amortization are considered operating expenses under IFRS, these expenses primarily represent the non-cash current period allocation of costs associated with non-current assets acquired or constructed in prior periods. Our adjusted EBITDA calculation is commonly used as one of the bases for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the metals and mining industry. Adjusted net profit (loss) represents net profit (loss) attributable to shareholders of Mechel PAO before Impairment of goodwill and other non-current assets, Loss (profit) after tax from discontinued operations, net, Net result on the disposal of subsidiaries, Effect on (loss) income attributable to non-controlling interests, Foreign exchange (gain) loss, net, Pension service cost and actuarial loss, other expenses, Fines and penalties, Gain on write-off of accounts payable with expired legal term. Our adjusted net profit (loss) may not be similar to adjusted net profit (loss) measures of other companies. Adjusted net profit (loss) is not a measurement under IFRS and should be considered in addition to, but not as a substitute for, the information contained in our interim condensed consolidated statement of profit (loss). We believe that our adjusted net profit (loss) provides useful information to investors because it is an indicator of the strength and performance of our ongoing business operations. While impairment of goodwill and other non-current assets is considered operating expenses under IFRS, these expenses represent the non-cash current period allocation of costs associated with assets acquired or constructed in prior periods. Our adjusted net profit (loss) calculation is used as one of the bases for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the metals and mining industry. Our calculations of Net debt, excluding fines and penalties on overdue amounts** and trade working capital are presented below: **  Calculations of Net debt could be differ from indicators calculated in accordance with loan agreements upon dependence on definitions in such agreements. EBITDA can be reconciled to our interim condensed consolidated statement of profit (loss) as follows: ****there were certain reclassifications to conform with the current period presentation


News Article | November 29, 2016
Site: globenewswire.com

MOSCOW, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces 9M2016 operational results. “In this accounting period, prices on the global coal market demonstrated an explosive hike. Starting in mid-August, indexes for spot prices for premium coking coal went up dramatically and topped the psychologically important milestone of 200 US dollars per tonne by mid-September. In early November, spot prices topped 300 US dollars, which means that spot prices for Australian premium coking coal have quadrupled from 75 dollars per tonne in November 2015. Global steam coal prices also showed solid growth. We have prepared a propitious base for increasing exports and boosting our operational and financial results, and we expect significant effect from the current market trend in the fourth quarter. “Meanwhile, in the third quarter our domestic market faced complications with deliveries — due to major two-month lack of rolling stock in Kuzbass delivery of coal to Far Eastern ports was significantly limited, which reflected on our production and sales results. “Despite an overall 10-percent decrease in shipments of coking coal concentrate in the third quarter quarter-on-quarter, in absolute terms we have increased sales to China, Japan and India in this accounting period, selling over 1 million tonnes of coking coal concentrate on Asian markets. “As for PCI, in the third quarter we have completely re-oriented our exports toward Asia Pacific. Today Korean companies are chief customers of this type of coal. In this accounting period we saw a seven-percent drop quarter-on-quarter in sales for technical reasons — as due to aforementioned transport problems as well as delays in arrival of South Korean vessels to Port Posiet, some of September volumes were transferred to the fourth quarter. “The six-percent drop in anthracite sales is due to the decrease of production at Krasnogorsky Open Pit and the decrease in supply of this type of coal to the Group’s facilities. Nevertheless, we noted an increase in export sales — primarily to Europe, where we sold 53% of anthracite in the third quarter. “Transport limitations accounted for the minor decrease in sales of Southern Kuzbass Coal Company’s steam coal. At Elga Coal Complex the downward dynamics were due to planned repairs at the washing plant. “Weakening demand for coke had a negative impact on our sales (-5%). “Sales of iron ore concentrate from Korshunov Mining Plant went up by 12%, all of it shipped to Chelyabinsk Metallurgical Plant. “The steel segment decreased production of pig iron and steel by 7% and 5% accordingly quarter-on-quarter due to planned repairs in the blast furnace facility. “In the third quarter we cut production of flat rolls by 22% quarter-on-quarter, redirecting these resources to more profitable products, also increasing sales of such a highly profitable product as flat stainless rolls. “Further development of production at the universal rolling mill remained a key focus for this accounting period. We have increased sales of high value-added products produced at the universal rolling mill by 23%. Over this year’s first nine months, production volumes nearly tripled, reaching 357,000 tonnes. In the third quarter we produced and shipped to Russian Railways the agreed-upon amount of rails, reaching the planned figure of 150,000 tonnes well ahead of schedule. We continue our cooperation with Russian Railways and plan to supply 100,000 tonnes of rails more by the end of the year. Currently our rolling mill’s workload is at more than 50% and has tripled since the beginning of the year. “We use nearly all of the billets from our own facilities to make products with a higher profit margin, so billet sales to third parties went down by 56%. In line with our strategy we intend to continue minimizing billet sales. “A slump in construction business led to a proportionate decrease in consumption of wire and other hardware on the Russian market. Beloretsk Metallurgical Plant managed to partly compensate this slump by increasing production and sales of wire ropes for the mining and oil industries. “The 29-percent increase in forgings sales was due to the transfer of shipment dates from the end of 2Q2016 to early 3Q2016, as well as the seasonal hike in demand at the markets of our Mechel Service Global office in Belgium. “In the power segment, the 20-percent slump in electricity generation over these nine months year-on-year was due to planned repairs at Southern Kuzbass Power Plant as the facility was preparing for the fall-winter maximum load. The three-percent decrease in heat generation was due to an earlier end to the heating season.” Mechel is an international mining and steel company which employs over 66,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


News Article | November 3, 2016
Site: www.newsmaker.com.au

This report studies sales (consumption) of Steel Rebars in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering  ArcelorMittal  EVRAZ  Gerdau  Hebei Iron and Steel  Jiangsu Shagang  Nucor  Tata Steel  Baosteel  Celsa Steel  Heilongjiang  Jianlong Iron and Steel  Mechel  Riva Group  ...  Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of Steel Rebars in these regions, from 2011 to 2021 (forecast), like  USA  China  Europe  Japan  Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into  Type I  Type II  Type III  Split by applications, this report focuses on sales, market share and growth rate of Steel Rebars in each application, can be divided into  Application 1  Application 2  Application 3 Global Steel Rebars Sales Market Report 2016  1 Steel Rebars Overview  1.1 Product Overview and Scope of Steel Rebars  1.2 Classification of Steel Rebars  1.2.1 Type I  1.2.2 Type II  1.2.3 Type III  1.3 Application of Steel Rebars  1.3.1 Application 1  1.3.2 Application 2  1.3.3 Application 3  1.4 Steel Rebars Market by Regions  1.4.1 USA Status and Prospect (2011-2021)  1.4.2 China Status and Prospect (2011-2021)  1.4.3 Europe Status and Prospect (2011-2021)  1.4.4 Japan Status and Prospect (2011-2021)  1.5 Global Market Size (Value and Volume) of Steel Rebars (2011-2021)  1.5.1 Global Steel Rebars Sales and Growth Rate (2011-2021)  1.5.2 Global Steel Rebars Revenue and Growth Rate (2011-2021) 2 Global Steel Rebars Competition by Manufacturers, Type and Application  2.1 Global Steel Rebars Market Competition by Manufacturers  2.1.1 Global Steel Rebars Sales and Market Share of Key Manufacturers (2011-2016)  2.1.2 Global Steel Rebars Revenue and Share by Manufacturers (2011-2016)  2.2 Global Steel Rebars (Volume and Value) by Type  2.2.1 Global Steel Rebars Sales and Market Share by Type (2011-2016)  2.2.2 Global Steel Rebars Revenue and Market Share by Type (2011-2016)  2.3 Global Steel Rebars (Volume and Value) by Regions  2.3.1 Global Steel Rebars Sales and Market Share by Regions (2011-2016)  2.3.2 Global Steel Rebars Revenue and Market Share by Regions (2011-2016)  2.4 Global Steel Rebars (Volume) by Application GET EXCLUSIVE DISCOUNT ON THIS REPORT @ https://www.wiseguyreports.com/check-discount/723533-global-steel-rebars-sales-market-report-2016 Figure Picture of Steel Rebars  Table Classification of Steel Rebars  Figure Global Sales Market Share of Steel Rebars by Type in 2015  Figure Type I Picture  Figure Type II Picture  Table Applications of Steel Rebars  Figure Global Sales Market Share of Steel Rebars by Application in 2015  Figure Application 1 Examples  Figure Application 2 Examples  Figure USA Steel Rebars Revenue and Growth Rate (2011-2021)  Figure China Steel Rebars Revenue and Growth Rate (2011-2021)  Figure Europe Steel Rebars Revenue and Growth Rate (2011-2021)  Figure Japan Steel Rebars Revenue and Growth Rate (2011-2021)  Figure Global Steel Rebars Sales and Growth Rate (2011-2021)  Figure Global Steel Rebars Revenue and Growth Rate (2011-2021)  Table Global Steel Rebars Sales of Key Manufacturers (2011-2016)  Table Global Steel Rebars Sales Share by Manufacturers (2011-2016)  Figure 2015 Steel Rebars Sales Share by Manufacturers  Figure 2016 Steel Rebars Sales Share by Manufacturers  Table Global Steel Rebars Revenue by Manufacturers (2011-2016)  Table Global Steel Rebars Revenue Share by Manufacturers (2011-2016)  Table 2015 Global Steel Rebars Revenue Share by Manufacturers  Table 2016 Global Steel Rebars Revenue Share by Manufacturers  Table Global Steel Rebars Sales and Market Share by Type (2011-2016)  Table Global Steel Rebars Sales Share by Type (2011-2016)  Figure Sales Market Share of Steel Rebars by Type (2011-2016)  Figure Global Steel Rebars Sales Growth Rate by Type (2011-2016)  Table Global Steel Rebars Revenue and Market Share by Type (2011-2016)  Table Global Steel Rebars Revenue Share by Type (2011-2016)  Figure Revenue Market Share of Steel Rebars by Type (2011-2016) Figure Sales Market Share of Stationery and Cards by Type (2011-2016) …. CONTINUED FOR ANY QUERY, REACH US @ https://www.wiseguyreports.com/enquiry/723533-global-steel-rebars-sales-market-report-2016


News Article | February 13, 2017
Site: globenewswire.com

MOSCOW, Russia, Feb. 13, 2017 (GLOBE NEWSWIRE) -- Mechel PAO (MICEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, announces 2016 operational results. “Global coal prices have reached new lows in 2015, prompting experts to unanimously forecast an equally difficult 2016. After the third quarter, few cared to remember those forecasts, as spot prices for the coal producers’ main benchmark — premium coking coal FOB Australia — went up by 190% by the end of the year. As a result, coal won the status of the most efficient commodity of the year. In our view, the coal market in this accounting period was almost entirely under China’s influence. Chinese authorities undertook a program of reducing the number of domestic producers, halting half of its 500 million tonnes of excessive production capacities by the end of 2016. The prices were also hiked up by unfavorable weather conditions and transport infrastructure problems in China and Australia. The price rally made the export market particularly attractive for commercial deals. The Group’s sales subsidiaries took on a proactive position on this issue, and in the fourth quarter we significantly increased our coal export sales to benefit from the favorable trend. In 4Q2016, nearly half of all exported coal was shipped in accordance with updated prices on the existing contracts, while the other half was sold on spot deals, with exports accounting for nearly 85% of all coal sales to third parties. We also consider as positive the increase of coking coal mining at the Elga deposit which now accounts for 75% of all coal production. Starting in September and until the end of the year, Elga’s products were sold exclusively to export. “We increased sales of coking coal concentrate, our chief product, by 5% year-on-year. In 4Q2016 we also redistributed our coking coal concentrate sales in favor of the more profitable Asian markets, which enabled us to sell an additional 400,000 tonnes of concentrate to Asia Pacific and improve our quarterly results. “The 28-percent slump in PCI sales was due to two reasons. First, due to difficult mountainous and geological conditions, the volume of overburden removal at Krasnogorsky Open Pit increased, which affected PCI sales. Also, in 2015 we have been optimizing our stock balance, and our coal stock reserves went down nearly triple. At the same time we were meeting all our long-term contract obligations in full. Anthracite sales had negative dynamics (-15%) due to our reconsidering contract terms with our key European client decreasing supplies. “The seven-percent increase in steam coal sales is due to sales of coal accumulated in our storages since 2015 and re-orientation of sales from the domestic market to the foreign ones. Due to a flexible sales policy we managed to increase steam coal sales to third parties by more than a million tonnes. These positive dynamics can be seen on all our export lines. “Practically all iron ore concentrate produced at Korshunov Mining Plant was shipped to Chelyabinsk Metallurgical Plant to replace third-party supplies of steelmaking materials. “The domestic coke market remains in surplus, which had its effect on a slight decrease of our sales (-3%) in 2016. We continue to search for new sales opportunities both domestically and internationally. “Our company’s steel division maintained pig iron production at the same level. A slight decrease in steel production (-2%) was due to the increased share of steel production for the more labor-intensive assortment of high-margin products. “In 2016 we increased by 195% sales of high-margin product types produced at the universal rolling mill. This includes sale of 304,000 tonnes of rails, with 270,000 tonnes shipped to Russian Railways. By now, the mill has mastered production of some 30 type sizes, and we will continue to expand our product range. “Long rolls sales went up by 9% primarily due to the increase of sales of the universal rolling mill’s high value-added products. In 2016 the steel division also increased sales of rebar both domestically and in Europe. “Flat rolls sales were maintained on a stable level, with a three-percent increase due to Mechel’s steel trade  network’s European subsidiaries expanding their sales. We should also note that in 4Q2016 we managed to boost sales of such a high-margin product as flat stainless rolls by nearly a third. “The four-percent decrease in hardware sales was due to a slump in construction and as a result weaker demand for wire on the domestic market. Nevertheless, Beloretsk Metallurgical Plant succeeded in import substitution, increasing sales of high-strength types of wire and ropes for construction and oil industries. “The slump of demand in Europe affected the dynamics of forgings sales (-15%). The 12-percent increase in stampings sales came as Russia's wagon-building industry picked up after the ban on life extension for outdated rolling stock came into force. Wagon overhaul facilities increased procurement of wagon axles. “In 2016 Mechel’s power division generated 18% less electricity than in 2015, as production volumes at Southern Kuzbass Power Plant went down due to repairs of key facilities as part of preparation for the fall-winter maximum load. These planned repairs will enable the division to increase electricity generation by nearly a third this year. Heat generation remained at the same level and went up by 1% due to an additional calendar day in the 2016 leap year.” Mechel is an international mining and steel company which employs over 66,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.

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