In 2024, Mechel increased coal production by 5% to 10.86 million tons from 10.36 million tons a year earlier. Pig iron production fell by 6% to 2.987 million tons from 3.16 million tons, steel — by 4% to 3.35 million tons from 3.49 million tons. This is stated in the company's message.
Sales of coking coal concentrate increased by 30% to 4.04 million tons from 3.12 million tons, and of power coals by 28% to 2.97 million tons from 2.32 million tons.
Mechel is a global mining and metallurgical company. The company's products are supplied to domestic and foreign markets. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, thermal and electric energy. All enterprises operate in a single production chain: from raw materials to high-value-added products.
Mechel's net loss under IFRS in the first half of 2024 amounted to RUB 16.68 billion, an increase of 4.8 times compared to the same period in 2023. Revenue increased by 6% to RUB 206 billion. EBITDA decreased by 18% to RUB 32.8 billion. The group's net debt, excluding penalties and fines, increased by 5% to 262.5 billion rubles as of June 30, 2024. compared to the same indicator at the end of 2023.
