EQS-News: PJSC Mechel : MECHEL REPORTS 2021 OPERATIONAL RESULTS
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Saturday, March 5, 2022
Mining, Coal mining, Mechel, Coke, Coal, Industry, Iron, Contract, MOEX, Ulba Metallurgical Plant, HC Izhstal, Program, Forging, NYSE, Steel, Temperature, Sale, MTL, Electricity, PCI, Group, Korshunov, Iron ore, Chemical
Moscow, Russia - March 01, 2022 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 2021 operational results.
Key Points:
- Moscow, Russia - March 01, 2022 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 2021 operational results.
- "This market situation enabled the company to secure good financial results despite a forced decrease in output volumes.
- Ferrosilicon sales in 2021 went up 22% due to increased output at Bratsk Ferroalloy Plant and favorable global market trends.
- The power division in 2021 produced 15% less electricity due to major repairs at our key generating facilities.