Russia’s steel manufacturer Mechel’s pig iron production fell by 11pc to 771,000mt in Q1 2021 compared to 872,000mt in Q1 2020 and dropped by 13pc from 883,000mt in Q4 2020.
The company’s steel output saw a 3pc drop to 849,000mt in Q1 2021 compared to 876,000mt in Q1 2020 and declined by 15pc from 1mn mt in Q4 2020.
Mechel’s sales of iron ore concentrate in Q1 2020 declined by 43pc to 327,000mt from 572,000mt in the same quarter in 2020 while it fell by 36pc from 513,000mt in Q4 2020.
Its sales of long roll steel products was down by 13pc to 564,000mt in Q1 2021 compared to 648,000mt in Q1 2020 and dropped by 7pc from 607,000mt in Q4 2020.
The company’s sales of flat rolled steel products saw a 15pc drop to 105,000mt in Q1 2021 from 124,000mt in the same quarter last year and was down by 8pc from 115,000mt in Q4 2020.