Mechel's Q3 Ebitda tops $677m as cost-cutting has impact

Dec 16, 2011 | 08:44 AM |

Russian steelmaking group Mechel reported improved earnings before interest, taxes, depreciation and amortisation (Ebitda) of more than $677 million for the third quarter 2011, the steelmaker said in a statement on December 16.  Ebitda in the period was up 10.7%  quarter-on-quarter from the $612 million the group reported in the second quarter of 2011, according to Mechel’s information. “We maintained production volumes at targeted levels, continued our cost-control efforts and the....

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