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Mechel PAO Reports 5% Increase in Q1 Coking Coal Concentrate Sales; Thermal Coal Sales Slump 17%

7:03AM ET 5/23/2019 MT Newswires
Russian miner Mechel PAO (MTL) reported Thursday Q1 coking coal concentrate sales of 1.7 million tonnes, up 5% from the prior year period; while thermal coal sales decreased 17% to 1.3 million tonnes.

For Q1, iron ore sales jumped 74% to 612,000 tonnes, coke sales grew 4% to 652,000 tonnes, coal production fell 29% to 3.5 million tonnes, pig iron production decreased 12% to 870,000 tonnes, while steel production declined 12% to 930,000 tonnes.

Price: 2.0400, Change: -0.0500, Percent Change: -2.39