MOSCOW, April 22 /PRNewswire-FirstCall/ -- Mechel OAO (NYSE: MTL), one ofthe leading Russian mining and metals companies, announced today itsoperational results for the first quarter ended March 31, 2008.
First quarter of 2008 First quarter of 2008, vs. first quarter of Product thousand tonnes 2007, %
Coal 7,279 +60 Coking coal 4,313 +94 Steam coal 2,966 +27 Coal concentrate* 4,122 +37 Coking 3,330 +43 Steam 792 +19 Iron ore concentrate 1,163 +6 Nickel 4.4 +7 Ferrosilicon 23 n/a Hardware 183 +16 Forgings 19 -12 Stampings 24 -7 Rolled products 1,366 +7 Flat products 115 +3 Long products 817 +8 Semi-finished products 434 +7 Steel 1,563 +5 Pig iron 970 +4 Coke 917 -4 Electric power generation (ths. kWh) 1,276,133 +157
* The coal concentrate has been produced from part of the raw coal output.
Mechel Management OOO Chief Executive Officer Vladimir Polin commented onthe operational results for the first quarter of 2008, 'We are very pleasedwith our operational results for the first quarter of 2008 as we achievedstrong production growth across all of our business segments: mining, steeland power. Strong coal growth was driven primarily by the acquisition ofYakutugol HC OAO in October 2007, and the modernization of Southern KuzbassOAO's mining equipment. We continued to increase our output of nickel as themain component in stainless steel rolled product manufacturing.'
Mr.
