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[Ferro-Alloys.com] Mechel PAO (MOEX:MTLR, NYSE:MTL), one of the leading Russian mining and metals companies, announces 1H2020 operational results.
Mechel PAO's Chief Executive Officer Oleg Korzhov commented on 1H2020 operational results:
"As Bratsk Ferroalloy Plant launched its upgraded ore thermal furnace #3, the plant increased output and sales of ferrosilicon (+46% quarter-on-quarter). Transfer of a major shipload, already prepared for dispatch, from the first to the second quarter contributed to this result.
Sales:
| Product Name | 1H2020, thousand tonnes | 1H2019, thousand tonnes | % | 2Q2020, thousand tonnes | 1Q2020, thousand tonnes | % |
| Ferrosilicon | 31 | 36 | -14 | 18 | 13 | 46 |
| Including ferrosilicon supplied to third parties | 21 | 24 | -10 | 13 | 8 | 58 |
Source: accesswire.com
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