Mechel PAO (NYSE:MTL) is moving higher in the pre-market on Monday.
As of 8:14, MTL stock is trading up by 7.11% to $2.26 in the pre-market session with more than 28.50K shares have traded hands.
MTL Released News Last Week
PJSC Mechel : Mechel Reports 1Q2021 Operational Results
- In 4Q2020, our sales company Mechel Carbon shipped two shiploads of coke totaling 100,000 tonnes from our accumulated stock to one of our key clients. This fact reflected on the coke sales dynamics in the following quarter (-19%).
- As intra-Group supplies of raw materials for steelmaking declined, pig iron output went down by 13% quarter-on-quarter, and steel output slumped by 15%. The reporting period was characterized by a confident growth of average prices on steel products, which offset the negative sales dynamics.
- Sales of long rolls went down by 7% quarter-on-quarter. As for the universal rolling mill’s output, the 31-percent decrease in rail sales was due to our shipping the remaining rails intended for construction of Moscow’s new metro stations in 4Q2020, ahead of schedule.
- Sales of the universal rolling mill’s sections went down by 16% due to the seasonal slump in demand for beams. The mill has formed an additional stockpile of construction products, which will enable us to increase sales in the next reporting period. We pay extra attention to sales of stainless long rolls, which have picked up and demonstrated a 22-percent growth quarter-on-quarter.
|SHARES OUTSTANDING||208.14 M|
|SHARE FLOAT (%)||82.29 M (39.54%)|
|% HELD BY INSTITUTIONS||3.49|
Recent Stock Performance
|+/- EMA(20)||2.03 (+3.94%)|
|+/- SMA(50)||1.90 (+11.05%)|
|+/- SMA(200)||1.76 (+19.89%)|
|CCI20||125.3508||Buy||Chaikin Money Flow||-0.0492||Neutral|
|MACD||0.0311||Buy||Money Flow Index||56.0422||Buy|
|STOCH (14,3)||42.0000||Neutral||STOCH RSI||0.5579||Neutral|