Mechel 1Q Coal Output 3.43 Million Tons, Down 53% On Year
April 27 2009 - 7:17AM
Dow Jones News
Russian miner OAO Mechel Monday said first-quarter coal
production more than halved from a year earlier to 3.43 million
metric tons due to a drop in global demand.
The company said coking coal output fell 76% to 1.02 million
tons, while production of steam coal fell 19% to 2.40 million
tons.
Steel output for the quarter totaled 1.10 million tons, down
30%, Mechel said.
Company Web site: www.mechel.com
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937
8445; jacob.pedersen@dowjones.com