节点：中游（冶炼、中间品）位置：中游情绪：利好参考度：6/10
俄罗斯领先矿业和钢铁集团之一的梅切尔公司（Mechel）已公布其2025年第四季度及全年的生产和销售业绩。
去年第四季度，梅切尔生产粗钢83.8万吨，较第三季度增长6.9%；生铁产量环比增长3.8%至71.6万吨。该公司原煤产量总计234万吨，环比增长82.3%。2025年全年，公司粗钢产量为329万吨，同比下降1.7%；生铁产量同比下降3.9%至287万吨，原煤产量总计728万吨，同比下降32.9%。
今年第四季度，梅切尔的炼焦煤精煤销量环比下降43.9%至41.9万吨，其中第三方销...炼焦煤精煤销量同比下降29.3%至286万吨，第三方销量同比下降45.2%至149万吨。
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