Mechel-Service increases first-half shipments

Mechel’s trading arm, Mechel-Service, posted a 10% on-year increase in shipments in the first half of 2021 to 797,000 tonnes, the company says.

Sales of hardware products grew by 135%, structural shapes by 44%, beams by 36%, and reinforcement and wire by 4% and 27%, respectively.

“This year we plan to increase our presence in the hardware and wire rope market and expect to continue creating sub-sorting warehouses in the regions, equipping covered hardware warehouses,” says Mechel-Service general director Leonid Polyansky. “We will continue our work to consolidate our share in the beam … market.”

Earlier, Mechel-Service supplied 5,000t of steel for the construction of an ice palace in the Russian city of Omsk (see Kallanish passim). It also supplied steel for the construction of the Kontinental Hockey League (KHL) Avangard hockey academy in Omsk.

Mechel-Service posted a 4% on-year increase in shipments in 2020 to 1.52 million tonnes despite the impact of the Covid-19 pandemic. The company continued to supply large infrastructure projects in Moscow, housing construction, construction of bridges and sports facilities.

Parent company Mechel saw first-quarter sales of long products fall 7% on-quarter and 13% on-year to 564,000t. Despite lower sales and output, revenue rose 10% on-quarter and 13% on-year to RUB 76.1 billion ($1.04 billion), while profitability rose to 24%.

Svetoslav Abrossimov Bulgaria