One of
Russia's leading vertical-integrated mining and metals companies
Mechel has announced its 2006
production results.
According to the company's statement, in 2006
Mechel produced five million metric tons of
iron ore concentrate – up 10 percent, 2.57 million metric tons of coke – down one percent, 3.6 million metric tons of
pig iron – up eight percent, 5.95 million metric tons of crude steel - up one percent and 4.7 million metric tons of finished steel products (including 400,000 metric tons of
flats, 2.5 million metric tons of
longs, and 1.8 million metric tons of
semis) – up two percent ( including a 28 percent increase for
flats and one percent increase for
longs) compared to the results of 2005.
In its mining segment, during the period in question
Mechel saw a 13 percent increase in its
coking coal mining output and a four percent increase in its steam coal mining output year on year. The respective figures in metric tons were 9.7 million and 7.3 million.
Mechel's Chief Operating Officer Mr. Alexey Ivanushkin commented that last year was very successful for the company as
Mechel increased output of all its core products.