of the JSC "Chelyabinsk metallurgical plant" for 4 months almost 3.5 times increased shipments of rails, compared to the same period last year. Deliveries amounted to 145 thousand tons. The shipment for export has grown more than in 2 times. For the first time awarded the contract and carried out the shipment of rail products for the needs of the Georgian railway. Signed another contract to supply the address of the Belarusian Railways. There is a shipment of rails for the projects of the Ministry of defense of the Russian Federation at metallurgical enterprises of Russia. In addition, CMP has signed an export contract with Uzbek Railways for the supply of the Z-profile used in the railcar industry.
Pat "Izhstal" from the beginning of 2020 put in the address of the Moscow metro and about 5.4 thousand tons of drive rails that are used in the construction and improvement of lines of the Moscow subway. In 2019 deliveries amounted to almost 6 thousand tons. Besides Moscow, the interest to the contact rails is shown by the consumers from other Russian cities where building and repair of underground lines, including Kazan and Saint Petersburg. The plant received in may a certificate of conformity for the supply of these products from the system of voluntary certification for car products.
"Our businesses continue to increase production and sale of railway goods, to develop export sales even in an environment of falling economic activity due to the pandemic. This testifies to the high quality and the demand for our products in the market", – said General Director of JSC "Mechel" Oleg Korzhov.
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PAT "Mechel"
Catherine Wiedemann
Tel: +7-495-221-88-88
[email protected]
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Mechel is a global mining and metals company. The company's products are exported to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electric energy. All enterprises work in a single production chain, from raw materials to products with high added value.
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Certain statements in this press release may contain projections or forecasts regarding future events or the future financial performance of JSC "Mechel" in accordance with the provisions of Legislative act of the USA about the reform of the judicial process in respect of securities in 1995. We wish to caution You that these statements are only predictions and that actual events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer You to the documents Mechel periodically submit to the Commission securities and exchange Commission, including the annual report on Form 20-F. These documents contain and identify important factors, including those listed under "risk Factors" and "note regarding forecasts contained in this document" in the Form 20-F. These factors can cause significant discrepancies between actual results and our assumptions and projections regarding future events, including, without limitation, the achievement of anticipated levels of profitability, growth, cost-effectiveness of our recent acquisitions, the impact of competitive pricing, ability to obtain necessary regulatory permits and authorizations, condition of the Russian economy, political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of General provisions of business and global economic conditions.
28.05.2020
