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MTL Metals Exploration Plc

5.65
0.25 (4.63%)
Last Updated: 09:00:55
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration Plc LSE:MTL London Ordinary Share GB00B0394F60 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 4.63% 5.65 5.50 5.80 5.70 5.40 5.40 3,443,872 09:00:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 166.68M 119.25M 0.0654 0.86 98.45M

Mechel 2Q Steel Production Down 6.7% At 1.397 Million Tons

15/07/2009 3:09pm

Dow Jones News


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Russian coal and steel group OAO Mechel (MTL) said Thursday it produced 1.397 million metric tons of steel in the second quarter 2009, down 6.7% from 1.498 million tons in the same period in 2008, but up 27% from 1.100 million tons produced in the first quarter 2009.

The company said second quarter coal production was 2.991 million tons, down 56% from the same period of 2008, and down 13% from the previous quarter.

Mechel's nickel production for the quarter stood at 4,200 tons down 11% from the same period of 2008, but up 44% from the previous quarter.

"Starting from the second quarter we observe certain positive dynamics in the markets of steel products we produce," Vladimir Polin, senior vice-president of Mechel said in a statement, adding the company has a positive outlook for the second half 2009 and intends to "increase production, tapping new market niches and increasing the company's share" in its markets.

-By Alexander Kolyandr, Dow Jones Newswires; +44 20 7842 9410; alexander.kolyandr@dowjones.com

 
 

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