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MarketScreener Homepage  >  Equities  >  Nyse  >  Mechel PAO    MTL

MECHEL PAO

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Mechel : Moscow Coke and Gas Plant Supplies Coke to China

10/07/2020 | 04:55am EST
1 October 2020
Moscow Coke and Gas Plant Supplies Coke to China Moscow Coke and Gas Plant (Moscoke AO, part of Mechel Group) has begun shipping its coke to China starting this year. This is the first time that the plant's products were shipped to Chinese customers.

The plant shipped its first batch of some 44,000 tonnes of coal coke to Chinese steelmakers in May. The new clients were satisfied with the product's quality and more shipments followed. In October, yet another batch of 55,000 tonnes of coke is due to be shipped, with another batch of the same size to follow before the year's end. Mechel Carbon handles the sales.

'Moscow Coke and Gas Plant has an extensive sales geography. In different times, we supplied our coke to Europe, Turkey, India and other countries. But this is the first year that our products make it to China. This became possible due to our coke's high quality,' Moscow Coke and Gas Plant's Managing Director Sergey Belan commented.

***

Disclaimer

Mechel PAO published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2020 08:54:05 UTC


© Publicnow 2020
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Sales 2020 3 573 M - -
Net income 2020 - - -
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P/E ratio 2020 -
Yield 2020 -
Capitalization 414 M 414 M -
Capi. / Sales 2020 0,12x
Capi. / Sales 2021 0,09x
Nbr of Employees -
Free-Float 34,6%
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Mean consensus SELL
Number of Analysts 1
Average target price 0,00 $
Last Close Price 2,04 $
Spread / Highest target -100%
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Managers and Directors
NameTitle
Oleg Viktorovich Korzhov Chief Executive Officer & Director
Igor Vladimirovich Zyuzin Chairman & Chief Executive Officer-Mechel Mining
Nelli R. Galeyeva Chief Financial Officer
Victor Alexandrovich Trigubko Director & Senior VP-Government Relations
Yury Nikolayevich Malyshev Independent Director
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