Market Overview

Mechel Posts Q2 Net Loss

Related MTL
Mechel Signs Amicable Settlement With Eurasian Development Bank
Mechel Signs Long-Term Deal With Japan's JFE Steel Corporation

Russia's Mechel (NYSE: MTL) posted a net loss of in the second quarter.

Mechel posted a quarterly net loss of $823 million, versus a year-ago profit of $192 million in the year-ago period.

Excluding impairment charges, Mechel posted a net loss of $177 million. However, analysts were expecting a net profit of $18 million.

Mechel shares closed at $6.90 yesterday.

Posted-In: lossEarnings News


Related Articles (MTL)

Get Benzinga's Newsletters