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EQS-News: PJSC Mechel: Mechel Reports 1Q2021 Operational Results


EQS-News: PJSC Mechel: Mechel Reports 1Q2021 Operational Results
PJSC Mechel: Mechel Reports 1Q2021 Operational Results
20.05.2021 / 13:00 MSK
MECHEL REPORTS 1Q2021 OPERATIONAL RESULTS
Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q2021 operational results.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented on operational results.
Our operational dynamics in 1Q2021 were largely what they were due to conditions our company worked in last year, caused by both external and internal factors. Even as the decrease in debt leverage due to restructuring and partial repayment of our loans had its positive impact, starting in April-May Mechel felt the lack of cash flow sufficient for financing our operations as needed. This was due to a major slump in coal and steel prices because of the pandemic. Underfunding of our operations in the second half of last year led to a ....

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PJSC Mechel : Mechel Reports 1Q2021 Operational Results


PJSC Mechel : Mechel Reports 1Q2021 Operational Results
EquityStory.RS, LLC-News: PJSC Mechel
/ Key word(s): Quarter Results
20.05.2021 / 13:00 MSK
MECHEL REPORTS 1Q2021 OPERATIONAL RESULTS
 
Moscow, Russia - May 20, 2021 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q2021 operational results.
Mechel PAO s Chief Executive Officer Oleg Korzhov commented on operational results.
Our operational dynamics in 1Q2021 were largely what they were due to conditions our company worked in last year, caused by both external and internal factors. Even as the decrease in debt leverage due to restructuring and partial repayment of our loans had its positive impact, starting in April-May Mechel felt the lack of cash flow sufficient for financing our operations as needed. This was due to a major slump in coal and steel prices because of the pandemic. Underfunding of our operations in the second half of ....

Chelyabinskaya Oblast , United States , Sakha Yakutiya , Rostovskaya Oblast , Russia General , Ekaterina Videman , Oleg Korzhov , Exchange Commission , Mechel Service , Eastern Generating Company , Executive Officer Oleg Korzhov , April May Mechel , Far Eastern Generating Company , Korshunov Mining Plant , Mechel Carbon , Chelyabinsk Metallurgical , Elga Coal Complex , Rolling Mill , South America , Securities Litigation Reform Act , Note Regarding Forward Looking , ஒன்றுபட்டது மாநிலங்களில் , ரஷ்யா ஜநரல் , பரிமாற்றம் தரகு , கிழக்கு ஜெநரேடிஂக் நிறுவனம் , இதுவரை கிழக்கு ஜெநரேடிஂக் நிறுவனம் ,