Seeking Alpha

Russian mining and steel group Mechel's (MTL -4.9%) H1 profits rose four-fold Y/Y to $501M due...

Russian mining and steel group Mechel's (MTL -4.9%) H1 profits rose four-fold Y/Y to $501M due to an increase in coal mining volume and reduced asset costs, but the stock is trading lower after the company made cautious comments on its current Q2. It says the situation in the steel market is getting increasingly difficult, as cost increases in raw materials aren't being compensated by rising steel prices.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs