Russia's Mechel posts drop in 3Qs coal, steel production

Russian mining and metals group Mechel registered lower production across its coal and steel sectors in the first three quarters of 2023, according to a report released by the company on November 23.

 

Coal production fell 16% year on year in the January-September period to 7.38 million tonnes, as output continued to feel the impact of sanctions and logistical issues.

 

Steel output declined 2% to 2.6 million tonnes over the same period. Pig iron production was down 2% at 2.37 million tonnes.

 

However, coal mining gained 17% in the third quarter versus the previous three months to 2.85 million tonnes, boosted by ongoing technical upgrades and efficiency gains. But steel and pig iron production dipped 5% each from a quarter earlier to 839,000 tonnes and 753,000 tonnes, respectively.

 

Coking coal concentrate sales dropped 28% to 2.25 million tonnes in the first three quarters, Mechel said. Flat steel product sales declined 5% to 290,000 tonnes.

 

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