Mechel said total sales fell 8% on the year to RON229.85 million in January through March, from RON245 million in the year-ago period.
Overall revenue dropped 31% on the year to RON222.4 million, while total costs declined 23.6% to RON256 million.
Russian steel giant Mechel, through its subsidiary Mechel International Holdings, owns 86.6% in the company, while the Romanian privatization authority AVAS holds 4.04% of its shares.
On the Bucharest bourse March 30, Mechel closed up 3% at RON0.69 a share. (EUR1=RON4.4373)