Mechel Reports 2019 Operational Results
(WorldNews Business)

Moscow, Russia - 19 March 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 2019 operational results. Mechel PAO`s Chief Executive Officer Oleg Korzhov commented on operational results. `For us, 2019 became a year of major equipment reconstruction projects in our steel segment and restoring the equipment pool in our mining division. We have seen results of this effort at Southern Kuzbass Coal Company as early as the end of last year - starting in October, the company reached a monthly output level of 1 million tonnes and demonstrated a confident growth of all key results, with mining volumes up by 25%. Korshunov Mining Plant improved...