位置：中游情绪：中性参考度：1/10
俄罗斯领先矿业和钢铁集团之一的Mechel已公布2025年财务及运营业绩。去年该公司录得净亏损786亿卢布（8.93亿美元），2024年净亏损为371.2亿卢布；营收达2870亿卢布（32.6亿美元），同比下降26%；EBITDA为77亿卢布（8700万美元），同比下降86%。
财务业绩大幅恶化主要源于矿业和冶金两大板块需求下滑，导致销量和价格走低，同时生产成本上升显著压缩利润率。此外，进口压力持续（尤其是来自中国..
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