Mechel grows coal output

“In this reporting period, our company operated smoothly and stably, with positive results on many counts. Mechel’s coal mining remained at the previous quarter’s level. It is important to note that the share of coking coal in the first quarter’s mining volumes has increased. As for the situation in the coal markets, it has not changed – international coal producers are still under pressure from low prices. Nevertheless, in this year’s second quarter, coking coal prices have grown, albeit slightly, both domestically and internationally, and we consider that as an optimistic sign for the entire industry”, Mechel P’s Chief Executive Officer Oleg Korzhov commented.