Mechel posts improved steel product sales for 2011

Wednesday, 25 January 2012 11:06:55 (GMT+2)

Mechel, one of the leading Russian mining and steel groups, has announced that its crude steel output in 2011 increased by one percent to 6.11 million mt compared to 2010.
 
In 2011, Mechel saw a 10 percent year-on-year decrease in its pig iron output due to the scheduled repairs of blast furnaces at Chelyabinsk Metallurgical Plant. In the given period, coke sales declined by six percent year on year to 4.45 million mt.

According to Mechel's statement, in the same period its flat steel product sales increased by 44 percent year on year, while its long steel product sales registered 12 percent growth compared to 2010.

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