Coal News: Russian Coal Industry Struggling
Head of Russian Coal says the current crisis is "the worst since the 1990's." Mechel cutting shipments 25% y/y.
Sanctions, expensive borrowing, and falling coal prices have plunged Russia’s coal sector into turmoil. A brief summary of current conditions below:
Profitability collapsing: In 2024 only ~50 % of Russian coal companies were profitable. Over January–February 2025, profitability worsened—just ~42 % were profitable according to The Moscow Times.
Output cuts: