Mechel coking coal concentrate sales drop 6% in Q3

Mechel’s coking coal concentrate sales to third parties fell by 6% quarter-on-quarter to 2.14 million tonnes in July-September 2013, according to Steel First’s calculations.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The calculations were based on results published by the company on Thursday November 7.

The fall in the coal concentrate sales was due to “weaker domestic demand, which was partly compensated by increased export volumes”, Mechel said.

The sales were also affected by the shipping delays to Asia due to flooding in the Russia’s Far East.

Earlier this year, the area around the Amur River in eastern Siberia suffered the worst flooding in more than a century, causing damage estimated at $1 billion.

One of Russia’s major coking coal producers, Mechel, sold 1.12 million tonnes of pulverized coal injection (PCI) material in the third quarter, up by 79% quarter-on-quarter.

The rise of PCI sales in the first nine months of 2013 was due to increased supplies to the Asia-Pacific region, the UK and Belgium, Mechel said.

Anthracite sales to third parties were down by 24% quarter-on-quarter at 417,000 tonnes, as the company’s European clients “partly replaced anthracites with PCI”, Mechel said.

The miner’s raw coal production was flat quarter-on-quarter over the quarter at 7 million tonnes.

Third-party sales were calculated by Steel First as Mechel only provides data on total sales and internal sales to its own enterprises.

Year-on-year comparisons were not possible as Mechel only published full nine-months results in 2012.

What to read next
The global copper market has finally received the widely anticipated news that imports to the US will be tariffed from August 1. The finer details of the tariffs, including their scope, and whether key copper-exporting nations like Chile, Canada and Peru will be exempt, remain unclear.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Mexico’s production and consumption of long steel fell year-on-year in May due to weakness in the country's construction sector, but posted a month on month gain, according to the latest data from the Mexican steel chamber, CANACERO.
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Fastmarkets has corrected the rationale for its MB-CO-0021 cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets’ standard-grade cobalt price (low-end), which was published incorrectly on Wednesday July 2 due to a reporter error.