March 8th, 2010

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In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons

Monday, March 8th, 2010

In the 4 th quarter of 2009 compared to the same period of 2008, Mechel cut coal production by 4% to 5.434 million tons, the company reported. Production of nickel increased by 112% to 4,2 thousand tons, the production of rolled products - 36% to 1.465 million tons, steel production - by 31% to 1.524 million tons.

Concentrate
Product 2009 tonnes 4 Q. . 2009 tonnes 3 quarter. 2009 tonnes 4 square. to 3 square. 2009 in% 4 square. 2009 4 sq. 2008, in%
Coal 17 782 5 434 5 445 -0,2 -4
Coking 10 243 3 754 3 741 0,4 37
Energy 7 539 1 680 1 704 -1 -43
coal * 9 292 2 915 3 048 -4 11
Coking 7 404 2 524 2 595 -3 42
Energy 1 888 392 453 -13 -54
Iron ore concentrate 4 208 1 038 1 216 -15 -4
concentrate chrome ore 211 72 75 -3 N /A
Nickel 16 4,2 4,3 -2 112
Ferrosilicon (65% and 75%) 86 23 22 4 35
Ferrochrome (65%) 83 29,9 29,2 2 199
Hardware 627 167 183 -9 45
Forgings 49 15 11 33 31
Stampings 61 19 16 21 25
rental 5 357 1 465 1 457 0,5 36
Rolled sheets 345 105 91 15 118
Profiled iron 3 099 803 812 -1 27
Billets 1 913 558 554 0,6 40
Steel 5 496 1 524 1 478 3 31
Iron 3 805 1 080 1 074 0,5 50
Cox (6%) 3 233 990 977 1,3 58
Electricity (thousand kWh) 3 487 720 1 203 411 710 804 69 23

"If we compare the 4 quarter of 2008, which was the peak of the crisis, and 4 quarter of 2009, the dynamics of our out of the crisis became evident," - says senior vice president of Mechel OAO Vladimir Polin. For example, the company increased production of coking coal concentrate at 42%, nickel by 112%, ferrochrome to 199%, steel by 31% to 58% of coke, rolled to 36%, metal products by 45% and electricity by 23%.

"Today, we are still seeing a steady growth in demand for many of our products," - he said. Thus, in the steel segment, "Mechel" in the fourth quarter was an increase in output of coke, pig iron, steel, rolled products, as well as forged and extruded products. In general, the Steel Division can talk about achieving 100% capacity utilization (compared to pre-crisis level). Some businesses, such as Chelyabinsk Metallurgical Plant, currently produce more output than before the crisis. Also, our steel plants have mastered the production of new types of products demanded by the market.

In ferroalloy segment significantly increased the production of ferrosilicon and ferrochrome. All Ferroalloys Group now fully secured orders and working with a full load. Click to continue »

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On Monday morning prices on the London Metal Exchange are stable

Monday, March 8th, 2010

global equity markets
Last week confirmed the dominance of the markets currently advocates a cautious investment tactics, preferring for the time out of much more expensive over the past year, shares and commodity assets, at least until the world economic outlook has become more defined. Even the paper is very positive statistics in conjunction with encouraging speeches of representatives of the United States authorities were not able to return the market to the path of sustained recovery. The resulting short bursts of buying activity invariably ended with profit-taking and the continuation of the fall.

released on Friday, according to preliminary data, GDP growth in the U.S. 4 th quarter of 2009 surpassed the most optimistic expectations of U.S. experts and was 5,7% (to level 4 quarters of 2008) against the market consensus forecast of 4.8%. Index of personal consumption of citizens for the same period increased by 2% compared with the forecasted 1.8%.

Completion of the trading session on Friday in the United States marked the decline of the major stock indexes on 0,5% -1,5%. At the same time, European platforms, managed against a background of strong output of financial statements and statistic data from the U.S. to stay in positive territory.

The week started a corrective mood of investors commodity and stock markets are likely to continue. At the same time as last week, a series of expected news will be able to interrupt it for a while: in the United States will be published a lot of interesting statistics, foremost among which will be the January statistics on the labor market to spiral on Friday, the Bank of England and the ECB will hold meetings on Thursday, the outcome of which will be voiced interest rates and plans for further monetary policy in the regions.

On Monday, U.S. President Barack Obama will report on the country"s budget for 2011 fiscal year, will be sounded at the same time reducing the prospects of the budget deficit over the next few years. Click to continue »

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