Moscow, Russia Ė 18 February 2021 Ė Mechel Group (MOEX: MTLR, NYSE: MTL), one of Russiaís leading mining and steel companies, reports selling 300,000 tonnes of rails in 2020, which is 8% more than in 2019.
Mechel Groupís steel division includes two facilities producing various types of rails ó Chelyabinsk Metallurgical Plant (railway and switch point rails) and Izhstal (subway conductor rails). Russian Railways were the chief recipient of Mechelís rails, accounting for 234,000 tonnes. The remainder ó approximately 70,000 tonnes ó went to other Russian and foreign-based consumers.
Last year, Chelyabinsk Metallurgical Plantís rail shipments went up 8% year-on-year. The plantís exports went up by 74% year-on-year. Its sales geography expanded, with Chelyabinsk Metallurgical Plantís rails shipped to Georgia and Latin America for the first time.
Apart from Russian Railways, key consumers of Mechelís rails include Mosinzhproekt and Moscow Metro, which use Mechelís rail products both for maintenance and for construction of new underground lines. Over the previous accounting period, Mechelís facilities supplied over 87,000 tonnes of rails for construction of new metro lines and repairs to the existing metro railways in the Russian capital, with supplies including Chelyabinsk Metallurgical Plantís R65 and R50 rails and Izhstalís conductor rails.
Izhstalís supplies of conductor rails in 2020 went up by 27% year-on-year. In 2020, Izhstal went through voluntary certification of its conductor rails, which gives the product competitive advantage and enables the plant to expand its customer portfolio and supply the rails to CIS member states.
ďSince we launched rail production at Chelyabinsk Metallurgical Plantís universal rolling mill, we have shipped over 1.5 million tonnes of rails to our domestic and international partners. Our rails are used in all of Russiaís major infrastructural railway projects. In the nearest future, we plan to master production of new types of rails at our Chelyabinsk facility, thus further expanding our product range,Ē Mechel Steel Management Company OOOís Chief Executive Officer Andrey Ponomarev commented.
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