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08.03.2010 Mechel net profit plummets in 2009


According to Russian accountancy standards, the net profit totaled 8.517 bn roubles (–82.2 per cent against 2008), the company informs. Its 2008 net profit equaled 48.085 bn roubles (+44 per cent against 2007).

Mechel embraces producers of coal and iron-ore concentrate, steel and rolled metal, ferroalloys, higher value-added products as well as of thermal and electric energy. In 2008, it produced 5.496 m t of steel (–7 per cent against 2008), 17.782 m t of coal (–32.6 per cent), 10.243 m t (–32.3 per cent) of coking coal and 7.539 m t (–33 per cent) of steam coal.


Source:   metcoal.ru