Replies to post #611 on Mechel PAO (MTL)

[I-Man]

Here thuylien, another positive development for Mechel and still low volumes and PPS sitting at lows???



MECHEL UPS COKE SALES TO TURKEY


Moscow, Russia – April 17, 2019 – Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing an agreement on supplies of metallurgical coke to Turkey’s major sugar producer Kayseri Sugar.

According to the contract, Mechel is due to supply its Turkish partners with up to 90,000 tonnes of metallurgical coke in 2019-2021 (approximately 30,000 tonnes each summer season). The price will be determined following negotiations.

The agreement was signed on the sidelines of Kayseri Sugar’s delegation visiting Moscow Coke and Gas Plant which will produce the coke that is due to be shipped to Turkey by way of Port Mechel-Temryuk in Russia’s Krasnodar Region.

“We consider Turkey as a priority export destination for our coke products. In the summer season of 2018, Mechel’s mining division shipped a total of 50,000 tonnes of coke to Turkish agro-industrial companies, including 10,000 tonnes to Kayseri Sugar. This year, thanks to this agreement with Kayseri Sugar, we plan to improve on that. It is also important to note that this is the first contract signed directly with Kayseri Sugar, which will ensure commercial conditions that would be more profitable for both sides,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark said.


FOR EDITORS

Turkey’s Kayseri Sugar industrial group includes three sugar factories. The company annually produces a total of 400,000 tonnes of sugar and some 100,000 tonnes of molasses. Kayseri Sugar acquires sugar beet from approximately 15,000 farms.

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Mechel PAO

Ekaterina Videman

Tel: + 7 495 221 88 88

[e-mail]

[I-Man]

proxies sent out. I voted to instate dividends for common shares- BOD was against it...

I wonder if this will try a short run toward 6.00 again??

Anything is possible.

[I-Man]

Thuylien: MECHEL SIGNS MAJOR CONTRACT FOR COKE AND COAL

Dusseldorf, Germany – August 29, 2019 – Mechel PAO (NYSE: MTL, MOEX: MTLR), one of the leading Russian mining and metals companies, reports signing a major contract for coke and coal supplies with the international trading company Steel Mont.

According to the agreement, before the end of 2020 Mechel will supply Steel Mont with up to 700,000 tonnes of products, including up to 350,000 tonnes of metallurgical coke produced by Moscow Coke and Gas Plant and up to 350,000 tonnes of PCI and anthracites produced by Southern Kuzbass Coal Company. The supplies will be shipped by sea through Port Mechel-Temryuk in Krasnodar Region as well as Russian ports in the North and Baltic Seas.

“We expect the demand for metallurgical coals and coke to remain stable despite global commodity market volatility. We are glad to see Steel Mont among our committed partners. This contract will enable Mechel to increase exports of our mining division’s output in the nearest accounting periods,” Mechel PAO’s deputy Chief Executive Officer Pavel Shtark noted.