20-F 1 d237462d20f.htm 20-F 20-F
P2Y0.12536.006.000.800.152.002.005.345.392.472.500.620.30falseFY0001302362--12-311ZPREFERRED AMERICAN DEPOSITARY SHARES, EACH PREFERRED ADS REPRESENTING ONE-HALFtruetrueNYSENYSENYSENYSE 0001302362 2021-01-01 2021-12-31 0001302362 2020-01-01 2020-12-31 0001302362 2019-01-01 2019-12-31 0001302362 2021-12-31 0001302362 2020-12-31 0001302362 2008-01-01 2008-01-01 0001302362 2021-12-16 2021-12-16 0001302362 2019-06-14 2019-06-14 0001302362 2021-06-25 2021-06-25 0001302362 2019-06-28 2019-06-28 0001302362 2020-06-30 2020-06-30 0001302362 2011-11-10 0001302362 2019-12-31 0001302362 2020-09-29 2020-09-29 0001302362 2020-04-21 2020-04-21 0001302362 2020-04-21 0001302362 2019-12-25 0001302362 2019-12-24 0001302362 2019-12-23 0001302362 2019-12-20 0001302362 2020-09-29 0001302362 2019-12-30 0001302362 2019-12-26 0001302362 2019-12-30 2019-12-30 0001302362 2019-12-26 2019-12-26 0001302362 2021-12-31 2021-12-31 0001302362 2020-12-31 2020-12-31 0001302362 2019-12-25 2019-12-25 0001302362 2019-12-24 2019-12-24 0001302362 2019-12-23 2019-12-23 0001302362 2019-12-20 2019-12-20 0001302362 2022-02-28 2022-02-28 0001302362 2022-03-04 0001302362 2018-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember 2019-01-01 2019-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember 2019-01-01 2019-12-31 0001302362 mtl:BeloretskMetallurgicalPlantMember 2019-01-01 2019-12-31 0001302362 mtl:KorshunovMiningPlantMember 2019-01-01 2019-12-31 0001302362 mtl:UralsStampingsPlantMember 2019-01-01 2019-12-31 0001302362 mtl:IzhstalMember 2019-01-01 2019-12-31 0001302362 mtl:SKCCAndSubsidiariesmemberMember 2019-01-01 2019-12-31 0001302362 mtl:CostOfSales1Member 2019-01-01 2019-12-31 0001302362 mtl:AdministrativeAndOtherOperatingExpensesMember 2019-01-01 2019-12-31 0001302362 mtl:SellingAndDistributionExpensesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2019-01-01 2019-12-31 0001302362 mtl:BratskFerroalloyPlantMember 2019-01-01 2019-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2019-01-01 2019-12-31 0001302362 mtl:CashGeneratingUnitsMember mtl:ImpairmentOfNonCurrentAssetsMember 2019-01-01 2019-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2019-01-01 2019-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2019-01-01 2019-12-31 0001302362 ifrs-full:RetainedEarningsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:JointControlOrSignificantInfluenceMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AssociatesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:PlanAssetsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 country:CH ifrs-full:BottomOfRangeMember 2019-01-01 2019-12-31 0001302362 country:CH ifrs-full:TopOfRangeMember 2019-01-01 2019-12-31 0001302362 country:RU 2019-01-01 2019-12-31 0001302362 country:KZ 2019-01-01 2019-12-31 0001302362 mtl:ElgaugolMember 2019-01-01 2019-12-31 0001302362 country:AT 2019-01-01 2019-12-31 0001302362 country:DE 2019-01-01 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MotorVehiclesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 currency:USD 2019-01-01 2019-12-31 0001302362 currency:EUR 2019-01-01 2019-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2019-01-01 2019-12-31 0001302362 mtl:LIBORMember ifrs-full:InterestRateRiskMember 2019-01-01 2019-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 mtl:YakutugolMember 2019-01-01 2019-12-31 0001302362 ifrs-full:CountryOfDomicileMember 2019-01-01 2019-12-31 0001302362 mtl:OtherCountriesMember 2019-01-01 2019-12-31 0001302362 mtl:CountryOfDomicileAndOtherCountriesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:ForeignCountriesMember 2019-01-01 2019-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:NontaxableIncomeRightMember 2019-01-01 2019-12-31 0001302362 mtl:OtherLoansMember 2019-01-01 2019-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ConstructionInProgressMember 2019-01-01 2019-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 mtl:LoansAndBorrowingsMember 2019-01-01 2019-12-31 0001302362 mtl:LeaseObligationMember 2019-01-01 2019-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2019-01-01 2019-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2019-01-01 2019-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2019-01-01 2019-12-31 0001302362 mtl:DividendsPayableMember 2019-01-01 2019-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 country:RU mtl:MajorCustomerByGeographicalAreaMember 2019-01-01 2019-12-31 0001302362 srt:AsiaMember mtl:MajorCustomerByGeographicalAreaMember 2019-01-01 2019-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember mtl:EuropeIncludingTurkeyMember 2019-01-01 2019-12-31 0001302362 mtl:CISMember mtl:MajorCustomerByGeographicalAreaMember 2019-01-01 2019-12-31 0001302362 mtl:OtherRegionsMember mtl:MajorCustomerByGeographicalAreaMember 2019-01-01 2019-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember 2019-01-01 2019-12-31 0001302362 ifrs-full:PreferenceSharesMember 2019-01-01 2019-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2019-01-01 2019-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 mtl:CoalAndMiddlingsMember mtl:MiningSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:MiningSegmentsMember mtl:CokeAndChemicalProductsMember 2019-01-01 2019-12-31 0001302362 mtl:IronOreConcentrateMember mtl:MiningSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:OtherProductsMember mtl:MiningSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:MiningSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:LongSteelProductsMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:HardwareMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:FlatSteelProductsMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:ForgingsAndStampingsMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:FerrosiliconMember mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:SteelSegmentsMember mtl:SemifinishedSteelProductsMember 2019-01-01 2019-12-31 0001302362 mtl:SteelSegmentsMember mtl:SteelPipesMember 2019-01-01 2019-12-31 0001302362 mtl:SteelSegmentsMember mtl:OtherProductsMember 2019-01-01 2019-12-31 0001302362 mtl:SteelSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:PowerSegmentsMember mtl:ElectricityMember 2019-01-01 2019-12-31 0001302362 mtl:PowerSegmentsMember mtl:OtherProductsMember 2019-01-01 2019-12-31 0001302362 mtl:PowerSegmentsMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2019-01-01 2019-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2019-01-01 2019-12-31 0001302362 ifrs-full:LandMember 2019-01-01 2019-12-31 0001302362 ifrs-full:BuildingsMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MachineryMember 2019-01-01 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2019-01-01 2019-12-31 0001302362 ifrs-full:TreasurySharesMember 2019-01-01 2019-12-31 0001302362 ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember 2019-01-01 2019-12-31 0001302362 mtl:IzhstalMember 2019-01-01 2019-12-31 0001302362 mtl:IzhstalMember mtl:SteelSegmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:LandMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-01-01 2019-12-31 0001302362 ifrs-full:DiscontinuedOperationsMember 2019-01-01 2019-12-31 0001302362 mtl:ElgaCoalComplexMember 2019-01-01 2019-12-31 0001302362 mtl:GazprombankMember 2019-01-01 2019-12-31 0001302362 ifrs-full:PreferenceSharesMember ifrs-full:EquityAttributableToOwnersOfParentMember 2019-01-01 2019-12-31 0001302362 mtl:SKCCAndSubsidiariesmemberMember 2020-01-01 2020-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember 2020-01-01 2020-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember 2020-01-01 2020-12-31 0001302362 mtl:BeloretskMetallurgicalPlantMember 2020-01-01 2020-12-31 0001302362 mtl:KorshunovMiningPlantMember 2020-01-01 2020-12-31 0001302362 mtl:UralsStampingsPlantMember 2020-01-01 2020-12-31 0001302362 mtl:IzhstalMember 2020-01-01 2020-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2020-01-01 2020-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2020-01-01 2020-12-31 0001302362 mtl:CostOfSales1Member 2020-01-01 2020-12-31 0001302362 mtl:AdministrativeAndOtherOperatingExpensesMember 2020-01-01 2020-12-31 0001302362 mtl:SellingAndDistributionExpensesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2020-01-01 2020-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2020-01-01 2020-12-31 0001302362 mtl:CashGeneratingUnitsMember mtl:ImpairmentOfNonCurrentAssetsMember 2020-01-01 2020-12-31 0001302362 mtl:OthersMember 2020-01-01 2020-12-31 0001302362 ifrs-full:RetainedEarningsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AssociatesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:JointControlOrSignificantInfluenceMember 2020-01-01 2020-12-31 0001302362 ifrs-full:PlanAssetsMember 2020-01-01 2020-12-31 0001302362 country:RU 2020-01-01 2020-12-31 0001302362 country:KZ 2020-01-01 2020-12-31 0001302362 mtl:ElgaugolMember 2020-01-01 2020-12-31 0001302362 country:AT 2020-01-01 2020-12-31 0001302362 country:DE 2020-01-01 2020-12-31 0001302362 currency:EUR 2020-01-01 2020-12-31 0001302362 currency:USD 2020-01-01 2020-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2020-01-01 2020-12-31 0001302362 ifrs-full:InterestRateRiskMember mtl:LIBORMember 2020-01-01 2020-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:YakutugolMember 2020-01-01 2020-12-31 0001302362 ifrs-full:CountryOfDomicileMember 2020-01-01 2020-12-31 0001302362 mtl:OtherCountriesMember 2020-01-01 2020-12-31 0001302362 mtl:CountryOfDomicileAndOtherCountriesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:ForeignCountriesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MotorVehiclesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:NontaxableIncomeRightMember 2020-01-01 2020-12-31 0001302362 mtl:OtherLoansMember 2020-01-01 2020-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ConstructionInProgressMember 2020-01-01 2020-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:LoansAndBorrowingsMember 2020-01-01 2020-12-31 0001302362 mtl:LeaseObligationMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2020-01-01 2020-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2020-01-01 2020-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2020-01-01 2020-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2020-01-01 2020-12-31 0001302362 mtl:DividendsPayableMember 2020-01-01 2020-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 country:RU mtl:MajorCustomerByGeographicalAreaMember 2020-01-01 2020-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember srt:AsiaMember 2020-01-01 2020-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember mtl:EuropeIncludingTurkeyMember 2020-01-01 2020-12-31 0001302362 mtl:CISMember mtl:MajorCustomerByGeographicalAreaMember 2020-01-01 2020-12-31 0001302362 mtl:OtherRegionsMember mtl:MajorCustomerByGeographicalAreaMember 2020-01-01 2020-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember 2020-01-01 2020-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-01-01 2020-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:CoalAndMiddlingsMember mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:CokeAndChemicalProductsMember mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:IronOreConcentrateMember mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:OtherProductsMember mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:MiningSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:LongSteelProductsMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:HardwareMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:FlatSteelProductsMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:ForgingsAndStampingsMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:FerrosiliconMember mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:SteelSegmentsMember mtl:SemifinishedSteelProductsMember 2020-01-01 2020-12-31 0001302362 mtl:SteelSegmentsMember mtl:SteelPipesMember 2020-01-01 2020-12-31 0001302362 mtl:SteelSegmentsMember mtl:OtherProductsMember 2020-01-01 2020-12-31 0001302362 mtl:SteelSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:PowerSegmentsMember mtl:ElectricityMember 2020-01-01 2020-12-31 0001302362 mtl:PowerSegmentsMember mtl:OtherProductsMember 2020-01-01 2020-12-31 0001302362 mtl:PowerSegmentsMember 2020-01-01 2020-12-31 0001302362 mtl:SubsidiaryOneMember 2020-01-01 2020-12-31 0001302362 mtl:SubsidiaryTwoMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsOtherFinancialLiabilitiesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2020-01-01 2020-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2020-01-01 2020-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 ifrs-full:LandMember 2020-01-01 2020-12-31 0001302362 ifrs-full:BuildingsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MachineryMember 2020-01-01 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2020-01-01 2020-12-31 0001302362 mtl:UnremittedEarningsMember 2020-01-01 2020-12-31 0001302362 ifrs-full:TreasurySharesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember 2020-01-01 2020-12-31 0001302362 mtl:SubsidiaryThreeMember 2020-01-01 2020-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2020-01-01 2020-12-31 0001302362 ifrs-full:DiscontinuedOperationsMember 2020-01-01 2020-12-31 0001302362 mtl:ElgaCoalComplexMember 2020-01-01 2020-12-31 0001302362 mtl:GazprombankMember 2020-01-01 2020-12-31 0001302362 mtl:RailwayCarriageLeasesMember 2020-01-01 2020-12-31 0001302362 ifrs-full:LegalProceedingsProvisionMember mtl:ThirdPartyMember 2020-01-01 2020-12-31 0001302362 ifrs-full:TopOfRangeMember 2020-01-01 2020-12-31 0001302362 mtl:SKCCAndSubsidiariesmemberMember 2021-01-01 2021-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember 2021-01-01 2021-12-31 0001302362 mtl:BeloretskMetallurgicalPlantMember 2021-01-01 2021-12-31 0001302362 mtl:KorshunovMiningPlantMember 2021-01-01 2021-12-31 0001302362 mtl:UralsStampingsPlantMember 2021-01-01 2021-12-31 0001302362 mtl:IzhstalMember 2021-01-01 2021-12-31 0001302362 ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2021-01-01 2021-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2021-01-01 2021-12-31 0001302362 mtl:CostOfSales1Member 2021-01-01 2021-12-31 0001302362 mtl:AdministrativeAndOtherOperatingExpensesMember 2021-01-01 2021-12-31 0001302362 mtl:SellingAndDistributionExpensesMember 2021-01-01 2021-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-01-01 2021-12-31 0001302362 ifrs-full:PlanAssetsMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassPowerPlantMember 2021-01-01 2021-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2021-01-01 2021-12-31 0001302362 mtl:CashGeneratingUnitsMember mtl:ImpairmentOfNonCurrentAssetsMember 2021-01-01 2021-12-31 0001302362 mtl:OthersMember 2021-01-01 2021-12-31 0001302362 mtl:OtherCurrentAndNonCurrentAssetsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:SubsidiariesWithMaterialNoncontrollingInterestsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ProvisionForTaxesOtherThanIncomeTaxMember 2021-01-01 2021-12-31 0001302362 ifrs-full:LegalProceedingsProvisionMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MiscellaneousOtherProvisionsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:RetainedEarningsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2021-01-01 2021-12-31 0001302362 mtl:BuildingAndConstructionsMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:BuildingAndConstructionsMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:OperatingMachineryAndEquipmentMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:OperatingMachineryAndEquipmentMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:TransportationVehiclesMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:TransportationVehiclesMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AssociatesMember 2021-01-01 2021-12-31 0001302362 ifrs-full:JointControlOrSignificantInfluenceMember 2021-01-01 2021-12-31 0001302362 mtl:PowerSegmentMember 2021-01-01 2021-12-31 0001302362 mtl:MiningSegmentMember 2021-01-01 2021-12-31 0001302362 mtl:SteelSegmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2021-01-01 2021-12-31 0001302362 country:RU 2021-01-01 2021-12-31 0001302362 country:AT 2021-01-01 2021-12-31 0001302362 country:DE 2021-01-01 2021-12-31 0001302362 country:KZ 2021-01-01 2021-12-31 0001302362 currency:EUR 2021-01-01 2021-12-31 0001302362 currency:USD 2021-01-01 2021-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2021-01-01 2021-12-31 0001302362 mtl:LIBORMember ifrs-full:InterestRateRiskMember 2021-01-01 2021-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2021-01-01 2021-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:CountryOfDomicileMember 2021-01-01 2021-12-31 0001302362 mtl:OtherCountriesMember 2021-01-01 2021-12-31 0001302362 mtl:CountryOfDomicileAndOtherCountriesMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ForeignCountriesMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MiningPropertyMember 2021-01-01 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:NontaxableIncomeRightMember 2021-01-01 2021-12-31 0001302362 mtl:OtherLoansMember 2021-01-01 2021-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:ConstructionInProgressMember 2021-01-01 2021-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 mtl:LoansAndBorrowingsMember 2021-01-01 2021-12-31 0001302362 mtl:LeaseObligationMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2021-01-01 2021-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2021-01-01 2021-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2021-01-01 2021-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2021-01-01 2021-12-31 0001302362 mtl:DividendsPayableMember 2021-01-01 2021-12-31 0001302362 mtl:NetDebtToEBITDAMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:TotalDebtToEBITDAMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:OperatingCashFlowToEBITDAMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:EBITDAToRevenueMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember mtl:EBITDAToConsolidatedFinancialExpenseMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember mtl:EBITDAToNetInterestExpenseMember 2021-01-01 2021-12-31 0001302362 mtl:CreditFacilityMember 2021-01-01 2021-12-31 0001302362 country:RU mtl:MajorCustomerByGeographicalAreaMember 2021-01-01 2021-12-31 0001302362 srt:AsiaMember mtl:MajorCustomerByGeographicalAreaMember 2021-01-01 2021-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember mtl:EuropeIncludingTurkeyMember 2021-01-01 2021-12-31 0001302362 mtl:CISMember mtl:MajorCustomerByGeographicalAreaMember 2021-01-01 2021-12-31 0001302362 mtl:OtherRegionsMember mtl:MajorCustomerByGeographicalAreaMember 2021-01-01 2021-12-31 0001302362 mtl:MajorCustomerByGeographicalAreaMember 2021-01-01 2021-12-31 0001302362 mtl:OtherMember 2021-01-01 2021-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember mtl:LicensesAndSoftwareMember 2021-01-01 2021-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember 2021-01-01 2021-12-31 0001302362 mtl:MiningSegmentsMember mtl:CoalAndMiddlingsMember 2021-01-01 2021-12-31 0001302362 mtl:CokeAndChemicalProductsMember mtl:MiningSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:IronOreConcentrateMember mtl:MiningSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:OtherProductsMember mtl:MiningSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:MiningSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:LongSteelProductsMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:HardwareMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:FlatSteelProductsMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:ForgingsAndStampingsMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:FerrosiliconMember mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:SteelSegmentsMember mtl:SemifinishedSteelProductsMember 2021-01-01 2021-12-31 0001302362 mtl:SteelSegmentsMember mtl:SteelPipesMember 2021-01-01 2021-12-31 0001302362 mtl:SteelSegmentsMember mtl:OtherProductsMember 2021-01-01 2021-12-31 0001302362 mtl:SteelSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:ElectricityMember mtl:PowerSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:PowerSegmentsMember mtl:OtherProductsMember 2021-01-01 2021-12-31 0001302362 mtl:PowerSegmentsMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:CashGeneratingUnitAssumptionsBasisOneMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsOtherFinancialLiabilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2021-01-01 2021-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2021-01-01 2021-12-31 0001302362 mtl:CoalMiningMember country:RU mtl:SouthernKuzbassCoalCompanyMember 2021-01-01 2021-12-31 0001302362 mtl:SteelProductsMember country:RU mtl:ChelyabinskMetallurgicalPlantMember 2021-01-01 2021-12-31 0001302362 mtl:SteelProductsMember country:RU mtl:VyartsilyaMetalProductsPlantMember 2021-01-01 2021-12-31 0001302362 mtl:SteelProductsMember country:RU mtl:BeloretskMetallurgicalPlantMember 2021-01-01 2021-12-31 0001302362 mtl:UralsStampingsPlantMember country:RU mtl:SteelProductsMember 2021-01-01 2021-12-31 0001302362 mtl:KorshunovMiningPlantMember country:RU mtl:IronOreMiningMember 2021-01-01 2021-12-31 0001302362 mtl:TradingMember country:RU mtl:MechelServiceMember 2021-01-01 2021-12-31 0001302362 mtl:CokeProductionMember country:RU mtl:MechelCokeMember 2021-01-01 2021-12-31 0001302362 mtl:CokeProductionMember country:RU mtl:MoscowCokeAndGasPlantMember 2021-01-01 2021-12-31 0001302362 mtl:PowerGenerationMember country:RU mtl:SouthernKuzbassPowerPlantMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ElectricityDistributionMember country:RU mtl:KuzbassPowerSalesCompanyMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember country:RU mtl:FerrosiliconProductionMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember country:RU mtl:CoalMiningMember 2021-01-01 2021-12-31 0001302362 mtl:TransshipmentMember country:RU mtl:PortTemryukMember 2021-01-01 2021-12-31 0001302362 mtl:MechelCarbonAGMember country:CH mtl:TradingMember 2021-01-01 2021-12-31 0001302362 mtl:HBLHoldingGmbHMember mtl:TradingMember country:DE 2021-01-01 2021-12-31 0001302362 mtl:MechelServiceStahlhandelAustriaGmbhAndItsSubsidiariesMember mtl:TradingMember country:AT 2021-01-01 2021-12-31 0001302362 mtl:SteelProductsMember country:LT mtl:MechelNemunasMember 2021-01-01 2021-12-31 0001302362 mtl:MechelEnergoMember country:RU mtl:PowerSalesMember 2021-01-01 2021-12-31 0001302362 mtl:TransshipmentMember country:RU mtl:PortPosietMember 2021-01-01 2021-12-31 0001302362 mtl:SteelProductsMember country:RU mtl:IzhstalMember 2021-01-01 2021-12-31 0001302362 mtl:TransshipmentMember country:RU mtl:PortKambarkaMember 2021-01-01 2021-12-31 0001302362 ifrs-full:LandMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BuildingsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MachineryMember 2021-01-01 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:CashGeneratingUnitAssumptionsBasisTwoMember mtl:FerrosiliconMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:CashGeneratingUnitAssumptionsBasisOneMember mtl:FerrosiliconMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember 2021-01-01 2021-12-31 0001302362 mtl:UralsStampingsPlantMember 2021-01-01 2021-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LandMember 2021-01-01 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LandMember 2021-01-01 2021-12-31 0001302362 dei:BusinessContactMember 2021-01-01 2021-12-31 0001302362 mtl:CommonAmericanDepositarySharesMember 2021-01-01 2021-12-31 0001302362 mtl:PreferredSharesMember 2021-01-01 2021-12-31 0001302362 mtl:PreferredAmericanDepositarySharesMember 2021-01-01 2021-12-31 0001302362 mtl:UnremittedEarningsMember 2021-01-01 2021-12-31 0001302362 mtl:ThirdPartyMember ifrs-full:LegalProceedingsProvisionMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:SteelSegmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001302362 ifrs-full:LandMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-01-01 2021-12-31 0001302362 mtl:NonCurrentAssetsMember 2021-01-01 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember mtl:BilletsMember mtl:SteelMember mtl:ChelyabinskMetallurgicalPlantMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelMember mtl:RebarMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelMember mtl:RailsMember ifrs-full:BottomOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:UralsStampingsPlantMember mtl:SteelMember ifrs-full:BottomOfRangeMember mtl:StampingsMember 2021-01-01 2021-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:IronoreMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:CokingCoalMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:SteamCoalMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:CokingCoalMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:AnthraciteMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember ifrs-full:BottomOfRangeMember mtl:SteamCoalMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:SteelMember ifrs-full:BottomOfRangeMember mtl:FerrosiliconMember 2021-01-01 2021-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember mtl:PowerMember ifrs-full:BottomOfRangeMember mtl:ElectricityMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelMember mtl:RailsMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelMember mtl:RebarMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelMember mtl:BilletsMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:UralsStampingsPlantMember mtl:SteelMember mtl:StampingsMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember mtl:MiningMember mtl:IronoreMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember mtl:MiningMember mtl:CokingCoalMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:YakutugolMember mtl:MiningMember mtl:SteamCoalMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember mtl:CokingCoalMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember mtl:AnthraciteMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningMember mtl:SteamCoalMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember mtl:SteelMember mtl:FerrosiliconMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember mtl:PowerMember mtl:ElectricityMember ifrs-full:TopOfRangeMember 2021-01-01 2021-12-31 0001302362 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:OtherPropertyPlantAndEquipmentMember 2021-01-01 2021-12-31 0001302362 ifrs-full:WeightedAverageMember 2021-01-01 2021-12-31 0001302362 mtl:CreditFacilityMember mtl:RubleDenominatedFacilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:CreditFacilityMember mtl:UsDollarDenominatedFacilitiesMember 2021-01-01 2021-12-31 0001302362 mtl:EuroDenominatedFacilitiesMember mtl:CreditFacilityMember 2021-01-01 2021-12-31 0001302362 mtl:SKCCAndSubsidiariesmemberMember 2020-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember 2020-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember 2020-12-31 0001302362 mtl:BeloretskMetallurgicalPlantMember 2020-12-31 0001302362 mtl:KorshunovMiningPlantMember 2020-12-31 0001302362 mtl:UralsStampingsPlantMember 2020-12-31 0001302362 mtl:IzhstalMember 2020-12-31 0001302362 ifrs-full:Level3OfFairValueHierarchyMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:FloatingInterestRateMember 2020-12-31 0001302362 ifrs-full:Level1OfFairValueHierarchyMember mtl:BondFMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember 2020-12-31 0001302362 ifrs-full:FixedInterestRateMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:Level3OfFairValueHierarchyMember 2020-12-31 0001302362 mtl:OtherNonCurrentFinancialLiabilitiesMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:Level3OfFairValueHierarchyMember 2020-12-31 0001302362 ifrs-full:PreferenceSharesMember 2020-12-31 0001302362 ifrs-full:PreferenceSharesMember mtl:SubsidiaryOneMember 2020-12-31 0001302362 ifrs-full:CreditRiskMember 2020-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2020-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2020-12-31 0001302362 ifrs-full:JointControlOrSignificantInfluenceMember 2020-12-31 0001302362 ifrs-full:CurrencyRiskMember currency:EUR 2020-12-31 0001302362 ifrs-full:CurrencyRiskMember currency:USD 2020-12-31 0001302362 currency:USD 2020-12-31 0001302362 currency:EUR 2020-12-31 0001302362 mtl:ForeignCustomersMember 2020-12-31 0001302362 mtl:DomesticCustomersMember 2020-12-31 0001302362 ifrs-full:OrdinarySharesMember 2020-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:PortTemryukMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:PortPosietMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:YakutugolMember ifrs-full:GrossCarryingAmountMember mtl:MiningSegmentMember 2020-12-31 0001302362 mtl:PowerSegmentMember mtl:KuzbassPowerSalesCompanyMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelSegmentMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:OtherLoansMember 2020-12-31 0001302362 ifrs-full:TaxContingentLiabilityMember 2020-12-31 0001302362 country:RU ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2020-12-31 0001302362 country:RU ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2020-12-31 0001302362 country:RU ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2020-12-31 0001302362 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember country:RU 2020-12-31 0001302362 ifrs-full:NotLaterThanOneYearMember mtl:EuropeansMember 2020-12-31 0001302362 country:RU ifrs-full:NotLaterThanOneYearMember 2020-12-31 0001302362 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember mtl:EuropeansMember 2020-12-31 0001302362 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember mtl:EuropeansMember 2020-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember mtl:EuropeansMember 2020-12-31 0001302362 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember mtl:EuropeansMember 2020-12-31 0001302362 country:AT 2020-12-31 0001302362 country:DE 2020-12-31 0001302362 country:RU 2020-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:NotLaterThanOneYearMember 2020-12-31 0001302362 ifrs-full:NotLaterThanOneYearMember ifrs-full:TopOfRangeMember 2020-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2020-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2020-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2020-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2020-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2020-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2020-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2020-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2020-12-31 0001302362 currency:RUB 2020-12-31 0001302362 mtl:OtherCurrenciesMember 2020-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2020-12-31 0001302362 mtl:LIBORMember ifrs-full:InterestRateRiskMember 2020-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2020-12-31 0001302362 ifrs-full:CurrentMember 2020-12-31 0001302362 ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember 2020-12-31 0001302362 ifrs-full:NotLaterThanOneMonthMember 2020-12-31 0001302362 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember 2020-12-31 0001302362 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2020-12-31 0001302362 mtl:LaterThanSixMonthAndNotLaterThanOneYearMember 2020-12-31 0001302362 ifrs-full:LaterThanOneYearMember 2020-12-31 0001302362 mtl:LoansIssuedMember ifrs-full:CreditRiskMember 2020-12-31 0001302362 mtl:BondsMember ifrs-full:CreditRiskMember 2020-12-31 0001302362 ifrs-full:OnDemandMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 ifrs-full:NotLaterThanOneYearMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 mtl:LaterThanFourYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2020-12-31 0001302362 ifrs-full:AssociatesMember 2020-12-31 0001302362 country:RU ifrs-full:OperatingSegmentsMember 2020-12-31 0001302362 country:DE ifrs-full:OperatingSegmentsMember 2020-12-31 0001302362 country:AT ifrs-full:OperatingSegmentsMember 2020-12-31 0001302362 country:CZ ifrs-full:OperatingSegmentsMember 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:OtherCountriesMember 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember 2020-12-31 0001302362 ifrs-full:TreasurySharesMember 2020-12-31 0001302362 ifrs-full:ShorttermBorrowingsMember currency:RUB mtl:RussianStateControlledBanksMember 2020-12-31 0001302362 mtl:CorporateLendersMember currency:RUB mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:BottomOfRangeMember currency:USD 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:TopOfRangeMember currency:USD 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:BottomOfRangeMember currency:EUR 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:TopOfRangeMember currency:EUR 2020-12-31 0001302362 currency:EUR ifrs-full:ShorttermBorrowingsMember ifrs-full:BottomOfRangeMember mtl:OtherBanksAndFinancialInstitutionsMember 2020-12-31 0001302362 currency:EUR ifrs-full:ShorttermBorrowingsMember ifrs-full:TopOfRangeMember mtl:OtherBanksAndFinancialInstitutionsMember 2020-12-31 0001302362 currency:RUB mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember ifrs-full:BottomOfRangeMember 2020-12-31 0001302362 currency:RUB mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember ifrs-full:TopOfRangeMember 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BondsIssueMember ifrs-full:BottomOfRangeMember currency:RUB 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BondsIssueMember ifrs-full:TopOfRangeMember currency:RUB 2020-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2020-12-31 0001302362 ifrs-full:ShorttermBorrowingsMember mtl:CurrentPortionOfLongtermLoansAndBorrowingsMember 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:CurrentPortionOfLongtermLoansAndBorrowingsMember 2020-12-31 0001302362 ifrs-full:InterestRateRiskMember mtl:LiborEuriborMember 2020-12-31 0001302362 mtl:CentralBankOfRussiaRateMember ifrs-full:InterestRateRiskMember 2020-12-31 0001302362 ifrs-full:InterestRateRiskMember 2020-12-31 0001302362 currency:RUB mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 currency:RUB mtl:BondsIssueMember mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 currency:EUR mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 currency:USD mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:SteelSegmentsMember 2020-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2020-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2020-12-31 0001302362 mtl:YakutugolMember 2020-12-31 0001302362 ifrs-full:ShorttermBorrowingsMember 2020-12-31 0001302362 mtl:OtherBanksAndFinancialInstitutionsMember ifrs-full:ShorttermBorrowingsMember currency:EUR 2020-12-31 0001302362 mtl:SubsidiaryOneMember 2020-12-31 0001302362 mtl:SubsidiaryTwoMember 2020-12-31 0001302362 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2020-12-31 0001302362 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:RU 2020-12-31 0001302362 country:DE ifrs-full:ActuarialAssumptionOfDiscountRatesMember 2020-12-31 0001302362 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:AT 2020-12-31 0001302362 mtl:ActuarialAssumptionOfTurnoverRatesMember country:RU 2020-12-31 0001302362 ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflationMember country:RU 2020-12-31 0001302362 mtl:ActuarialAssumptionOfExpectedRatesOfCompensationIncreasesMember country:RU 2020-12-31 0001302362 mtl:RemeasurementOfDefinedBenefitPlansMember 2020-12-31 0001302362 mtl:SKCCAndSubsidiariesmemberMember 2021-12-31 0001302362 mtl:KuzbassPowerSalesCompanyMember 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember 2021-12-31 0001302362 mtl:BeloretskMetallurgicalPlantMember 2021-12-31 0001302362 mtl:KorshunovMiningPlantMember 2021-12-31 0001302362 mtl:UralsStampingsPlantMember 2021-12-31 0001302362 mtl:IzhstalMember 2021-12-31 0001302362 ifrs-full:FloatingInterestRateMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0001302362 ifrs-full:Level1OfFairValueHierarchyMember mtl:BondFMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember 2021-12-31 0001302362 ifrs-full:FixedInterestRateMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0001302362 mtl:OtherNonCurrentFinancialLiabilitiesMember ifrs-full:FinancialLiabilitiesAtAmortisedCostMember ifrs-full:Level3OfFairValueHierarchyMember 2021-12-31 0001302362 ifrs-full:PreferenceSharesMember mtl:SubsidiaryOneMember 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember 2021-12-31 0001302362 ifrs-full:CreditRiskMember 2021-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2021-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2021-12-31 0001302362 ifrs-full:OrdinarySharesMember 2021-12-31 0001302362 ifrs-full:JointControlOrSignificantInfluenceMember 2021-12-31 0001302362 mtl:YakutugolMember 2021-12-31 0001302362 mtl:PortPosietMember 2021-12-31 0001302362 mtl:MechelMiningMember 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember 2021-12-31 0001302362 mtl:PortTemryukMember 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember 2021-12-31 0001302362 currency:EUR ifrs-full:CurrencyRiskMember 2021-12-31 0001302362 ifrs-full:CurrencyRiskMember currency:USD 2021-12-31 0001302362 currency:EUR 2021-12-31 0001302362 currency:USD 2021-12-31 0001302362 mtl:ForeignCustomersMember 2021-12-31 0001302362 mtl:DomesticCustomersMember 2021-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:PortTemryukMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:PortPosietMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:YakutugolMember ifrs-full:GrossCarryingAmountMember mtl:MiningSegmentMember 2021-12-31 0001302362 mtl:PowerSegmentMember mtl:KuzbassPowerSalesCompanyMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:ChelyabinskMetallurgicalPlantMember mtl:SteelSegmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember mtl:MiningSegmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:OtherLoansMember 2021-12-31 0001302362 ifrs-full:PreferenceSharesMember 2021-12-31 0001302362 ifrs-full:TaxContingentLiabilityMember 2021-12-31 0001302362 ifrs-full:NotLaterThanOneYearMember country:RU 2021-12-31 0001302362 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember country:RU 2021-12-31 0001302362 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember country:RU 2021-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember country:RU 2021-12-31 0001302362 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember country:RU 2021-12-31 0001302362 ifrs-full:NotLaterThanOneYearMember mtl:EuropeansMember 2021-12-31 0001302362 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember mtl:EuropeansMember 2021-12-31 0001302362 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember mtl:EuropeansMember 2021-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember mtl:EuropeansMember 2021-12-31 0001302362 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember mtl:EuropeansMember 2021-12-31 0001302362 country:AT 2021-12-31 0001302362 country:DE 2021-12-31 0001302362 country:RU 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:NotLaterThanOneYearMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:NotLaterThanOneYearMember 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember ifrs-full:BottomOfRangeMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-12-31 0001302362 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember ifrs-full:BottomOfRangeMember 2021-12-31 0001302362 ifrs-full:TopOfRangeMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-12-31 0001302362 currency:RUB 2021-12-31 0001302362 mtl:OtherCurrenciesMember 2021-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2021-12-31 0001302362 mtl:LIBORMember ifrs-full:InterestRateRiskMember 2021-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2021-12-31 0001302362 ifrs-full:NotLaterThanOneMonthMember 2021-12-31 0001302362 ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember 2021-12-31 0001302362 ifrs-full:CurrentMember 2021-12-31 0001302362 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember 2021-12-31 0001302362 ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember 2021-12-31 0001302362 mtl:LaterThanSixMonthAndNotLaterThanOneYearMember 2021-12-31 0001302362 ifrs-full:LaterThanOneYearMember 2021-12-31 0001302362 mtl:LoansIssuedMember ifrs-full:CreditRiskMember 2021-12-31 0001302362 mtl:BondsMember ifrs-full:CreditRiskMember 2021-12-31 0001302362 mtl:LaterThanFourYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 mtl:NonDerivativeFinancialLiabilitiesCategoryMember ifrs-full:NotLaterThanOneYearMember 2021-12-31 0001302362 ifrs-full:OnDemandMember mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 mtl:NonDerivativeFinancialLiabilitiesCategoryMember 2021-12-31 0001302362 ifrs-full:AssociatesMember 2021-12-31 0001302362 country:RU ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 country:DE ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 country:AT ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 country:CZ ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 mtl:OtherCountriesMember ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 ifrs-full:TreasurySharesMember 2021-12-31 0001302362 mtl:SouthernKuzbassPowerPlantMember 2021-12-31 0001302362 ifrs-full:MiscellaneousOtherProvisionsMember 2021-12-31 0001302362 ifrs-full:ProvisionForTaxesOtherThanIncomeTaxMember 2021-12-31 0001302362 ifrs-full:LegalProceedingsProvisionMember 2021-12-31 0001302362 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2021-12-31 0001302362 currency:RUB ifrs-full:ShorttermBorrowingsMember mtl:RussianStateControlledBanksMember 2021-12-31 0001302362 mtl:CorporateLendersMember currency:RUB mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BondsIssueMember currency:RUB 2021-12-31 0001302362 currency:EUR ifrs-full:ShorttermBorrowingsMember mtl:OtherBanksAndFinancialInstitutionsMember 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:BottomOfRangeMember currency:USD 2021-12-31 0001302362 currency:USD ifrs-full:TopOfRangeMember mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:BottomOfRangeMember currency:EUR 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:TopOfRangeMember currency:EUR 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember mtl:BanksAndFinancialInstitutionsMember ifrs-full:BottomOfRangeMember currency:RUB 2021-12-31 0001302362 currency:RUB ifrs-full:TopOfRangeMember mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2021-12-31 0001302362 ifrs-full:ShorttermBorrowingsMember mtl:CurrentPortionOfLongtermLoansAndBorrowingsMember 2021-12-31 0001302362 mtl:CurrentPortionOfLongtermLoansAndBorrowingsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 ifrs-full:InterestRateRiskMember mtl:LiborEuriborMember 2021-12-31 0001302362 mtl:CentralBankOfRussiaRateMember ifrs-full:InterestRateRiskMember 2021-12-31 0001302362 ifrs-full:InterestRateRiskMember 2021-12-31 0001302362 currency:RUB mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 currency:EUR mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 currency:USD mtl:BanksAndFinancialInstitutionsMember mtl:LocalLongtermBorrowingsMember 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2021-12-31 0001302362 mtl:SteelSegmentsMember ifrs-full:OperatingSegmentsMember 2021-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2021-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2021-12-31 0001302362 mtl:PreferredSharesMember 2021-12-31 0001302362 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:RU 2021-12-31 0001302362 ifrs-full:ActuarialAssumptionOfExpectedRatesOfInflationMember country:RU 2021-12-31 0001302362 mtl:ActuarialAssumptionOfExpectedRatesOfCompensationIncreasesMember country:RU 2021-12-31 0001302362 country:RU mtl:ActuarialAssumptionOfTurnoverRatesMember 2021-12-31 0001302362 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:DE 2021-12-31 0001302362 ifrs-full:ActuarialAssumptionOfDiscountRatesMember country:AT 2021-12-31 0001302362 mtl:BratskFerroalloyPlantMember 2021-12-31 0001302362 mtl:SouthernKuzbassCoalCompanyMember 2021-12-31 0001302362 mtl:YakutugolMember 2021-12-31 0001302362 mtl:UralsStampingsPlantMember 2021-12-31 0001302362 ifrs-full:ShorttermBorrowingsMember 2021-12-31 0001302362 mtl:RailwayCarriageLeasesMember 2021-12-31 0001302362 mtl:OtherMember 2021-12-31 0001302362 mtl:CreditFacilityMember 2021-12-31 0001302362 mtl:RemeasurementOfDefinedBenefitPlansMember 2021-12-31 0001302362 country:CY mtl:RestrictionOutsideCyprusRepublicMember 2021-12-31 0001302362 country:CY mtl:OtherJurisdicationsMember 2021-12-31 0001302362 ifrs-full:BottomOfRangeMember mtl:TransferPricingMember 2014-01-01 2020-12-31 0001302362 mtl:ScenarioMember mtl:TransferPricingMember ifrs-full:BottomOfRangeMember 2014-01-01 2020-12-31 0001302362 ifrs-full:ParentMember currency:RUB 2009-01-01 2011-12-31 0001302362 currency:RUB ifrs-full:ParentMember 2011-12-31 0001302362 currency:USD 2019-12-31 0001302362 currency:EUR 2019-12-31 0001302362 ifrs-full:OrdinarySharesMember 2019-12-31 0001302362 mtl:EURIBORMember ifrs-full:InterestRateRiskMember 2019-12-31 0001302362 mtl:LIBORMember ifrs-full:InterestRateRiskMember 2019-12-31 0001302362 mtl:KeyRateOfTheCentralBankOfRussiaMember ifrs-full:InterestRateRiskMember 2019-12-31 0001302362 mtl:KorshunovMiningPlantKMPMember 2019-12-31 0001302362 mtl:AdjustmentsAndEliminationsMember 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:PowerSegmentsMember 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:SteelSegmentsMember 2019-12-31 0001302362 ifrs-full:OperatingSegmentsMember mtl:MiningSegmentsMember 2019-12-31 0001302362 mtl:YakutugolMember 2019-12-31 0001302362 mtl:BratskFerroalloyPlantMember 2019-12-31 0001302362 mtl:IzhstalMember mtl:SteelSegmentMember 2019-12-31 0001302362 ifrs-full:TreasurySharesMember 2020-09-01 2020-09-30 0001302362 ifrs-full:OrdinarySharesMember 2020-09-01 2020-09-30 0001302362 ifrs-full:BottomOfRangeMember 2008-01-01 2008-01-01 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-06-30 2020-06-30 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-06-28 2019-06-28 0001302362 mtl:GazprombankMember 2016-06-30 2016-06-30 0001302362 mtl:GazprombankMember mtl:ElgaCoalComplexMember 2016-06-30 2016-06-30 0001302362 mtl:AThirdPartyMember 2020-04-21 2020-04-21 0001302362 ifrs-full:DiscontinuedOperationsMember mtl:ElgaCoalComplexMember 2020-04-21 0001302362 mtl:GazprombankMember mtl:ElgaCoalComplexMember 2020-04-21 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-06-25 2021-06-25 0001302362 mtl:UsDollarDenominatedFacilitiesMember mtl:CreditFacilityMember 2021-02-03 0001302362 country:CH ifrs-full:ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember 2020-01-01 2020-01-01 0001302362 mtl:RepaymentOfLoanMember 2022-02-28 0001302362 mtl:RussianRublesMember 2022-02-28 0001302362 mtl:BeloretskMetallurgicalPlantMember 2022-02-28 2022-02-28 0001302362 mtl:MechelMiningMember 2022-02-28 2022-02-28 0001302362 mtl:RussianRublesMember 2022-04-30 0001302362 ifrs-full:TopOfRangeMember ifrs-full:EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember mtl:RestrictionOutsideCyprusRepublicMember country:CY 2022-04-13 0001302362 ifrs-full:BottomOfRangeMember ifrs-full:EnteringIntoSignificantCommitmentsOrContingentLiabilitiesMember mtl:RestrictionOutsideCyprusRepublicMember country:CY 2022-04-13 0001302362 ifrs-full:PreferenceSharesMember 2018-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2018-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001302362 ifrs-full:RetainedEarningsMember 2018-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2018-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2018-12-31 0001302362 ifrs-full:OrdinarySharesMember 2018-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2018-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2018-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember mtl:RailwayUlakElgaMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MiningPropertyMember 2018-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember mtl:OtherEquipmentMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MotorVehiclesMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:MachineryMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2018-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:LandMember 2018-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2018-12-31 0001302362 ifrs-full:PlanAssetsMember 2018-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 ifrs-full:GoodwillMember 2018-12-31 0001302362 mtl:TomusinskiyTransportationManagementCenterMember 2019-12-31 0001302362 mtl:TomusinskiyAutoRepairShopMember 2019-12-31 0001302362 mtl:MineralLicensesMember 2018-12-31 0001302362 mtl:LicensesAndSoftwareMember 2018-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2018-12-31 0001302362 ifrs-full:GrossCarryingAmountMember ifrs-full:OtherIntangibleAssetsMember 2018-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember 2018-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2018-12-31 0001302362 mtl:LoansAndBorrowingsMember 2018-12-31 0001302362 mtl:LeaseObligationMember 2018-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2018-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2018-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2018-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2018-12-31 0001302362 mtl:DividendsPayableMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2018-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2018-12-31 0001302362 ifrs-full:MotorVehiclesMember 2018-12-31 0001302362 ifrs-full:MachineryMember 2018-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2019-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2019-12-31 0001302362 ifrs-full:OrdinarySharesMember 2019-12-31 0001302362 ifrs-full:PreferenceSharesMember 2019-12-31 0001302362 ifrs-full:TreasurySharesMember 2019-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2019-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001302362 ifrs-full:RetainedEarningsMember 2019-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2019-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:GoodwillMember 2019-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2019-12-31 0001302362 ifrs-full:PlanAssetsMember 2019-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember 2019-12-31 0001302362 mtl:LicensesAndSoftwareMember 2019-12-31 0001302362 mtl:MineralLicensesMember 2019-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:BuildingsMember 2019-12-31 0001302362 ifrs-full:LandMember 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember 2019-12-31 0001302362 ifrs-full:MachineryMember 2019-12-31 0001302362 mtl:DividendsPayableMember 2019-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2019-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2019-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2019-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2019-12-31 0001302362 mtl:LeaseObligationMember 2019-12-31 0001302362 mtl:LoansAndBorrowingsMember 2019-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember ifrs-full:BuildingsMember 2019-12-31 0001302362 ifrs-full:LandMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2019-12-31 0001302362 ifrs-full:LandMember 2019-12-31 0001302362 ifrs-full:BuildingsMember 2019-12-31 0001302362 ifrs-full:MachineryMember 2019-12-31 0001302362 ifrs-full:MotorVehiclesMember 2019-12-31 0001302362 mtl:OtherEquipmentMember 2019-12-31 0001302362 ifrs-full:ConstructionInProgressMember 2019-12-31 0001302362 ifrs-full:MiningPropertyMember 2019-12-31 0001302362 mtl:RailwayUlakElgaMember 2019-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2019-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsOtherFinancialLiabilitiesMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2020-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2020-12-31 0001302362 ifrs-full:OrdinarySharesMember 2020-12-31 0001302362 ifrs-full:PreferenceSharesMember 2020-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2020-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001302362 ifrs-full:RetainedEarningsMember 2020-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2020-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:GoodwillMember 2020-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2020-12-31 0001302362 ifrs-full:PlanAssetsMember 2020-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:LicensesAndSoftwareMember 2020-12-31 0001302362 mtl:MineralLicensesMember 2020-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember 2020-12-31 0001302362 ifrs-full:MachineryMember 2020-12-31 0001302362 ifrs-full:BuildingsMember 2020-12-31 0001302362 ifrs-full:LandMember 2020-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2020-12-31 0001302362 mtl:LeaseObligationMember 2020-12-31 0001302362 mtl:LoansAndBorrowingsMember 2020-12-31 0001302362 mtl:DividendsPayableMember 2020-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2020-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2020-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2020-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2020-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2020-12-31 0001302362 ifrs-full:LandMember 2020-12-31 0001302362 ifrs-full:BuildingsMember 2020-12-31 0001302362 ifrs-full:MachineryMember 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember 2020-12-31 0001302362 mtl:OtherEquipmentMember 2020-12-31 0001302362 ifrs-full:ConstructionInProgressMember 2020-12-31 0001302362 ifrs-full:MiningPropertyMember 2020-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 mtl:RailwayUlakElgaMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:LandMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2020-12-31 0001302362 ifrs-full:MiscellaneousOtherProvisionsMember 2020-12-31 0001302362 ifrs-full:ProvisionForTaxesOtherThanIncomeTaxMember 2020-12-31 0001302362 ifrs-full:LegalProceedingsProvisionMember 2020-12-31 0001302362 mtl:DeferredTaxAssetsLoansAndBorrowingsMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsFinanceLeaseLiabilitiesMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsOtherFinancialLiabilitiesMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherPayablesAndOtherLiabilitiesMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsAccumulatedTaxLossesCarryforwardsmemberMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsOtherMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsTradeAndOtherReceivablesMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsInventoryMember 2021-12-31 0001302362 mtl:DeferredTaxAssetsRehabilitationProvisionMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesPropertyPlantAndEquipmentAndRightOfUseAssetsMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesMineralLicensesMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesInventoryMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherReceivablesMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesLoansAndBorrowingsMember 2021-12-31 0001302362 mtl:DeferredTaxLiabilitiesTradeAndOtherPayablesAndOtherLiabilitiesMember 2021-12-31 0001302362 ifrs-full:OrdinarySharesMember 2021-12-31 0001302362 ifrs-full:PreferenceSharesMember 2021-12-31 0001302362 ifrs-full:AdditionalPaidinCapitalMember 2021-12-31 0001302362 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001302362 ifrs-full:RetainedEarningsMember 2021-12-31 0001302362 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-12-31 0001302362 ifrs-full:NoncontrollingInterestsMember 2021-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:GoodwillMember 2021-12-31 0001302362 ifrs-full:GoodwillMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:PlanAssetsMember 2021-12-31 0001302362 ifrs-full:PresentValueOfDefinedBenefitObligationMember 2021-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember 2021-12-31 0001302362 mtl:LicensesAndSoftwareMember 2021-12-31 0001302362 mtl:MineralLicensesMember 2021-12-31 0001302362 ifrs-full:OtherIntangibleAssetsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 mtl:LicensesAndSoftwareMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 mtl:MineralLicensesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember 2021-12-31 0001302362 ifrs-full:MachineryMember 2021-12-31 0001302362 ifrs-full:BuildingsMember 2021-12-31 0001302362 ifrs-full:LandMember 2021-12-31 0001302362 mtl:DividendsPayableMember 2021-12-31 0001302362 mtl:EffectsOfSaleAndLeaseBackTransactionMember 2021-12-31 0001302362 mtl:FinesAndPenaltiesOnOverdueLeasesMember 2021-12-31 0001302362 mtl:PutOptionOfGazprombankMember 2021-12-31 0001302362 mtl:DeferredPaymentsForAcquisitionOfAssetsMember 2021-12-31 0001302362 mtl:LeaseObligationMember 2021-12-31 0001302362 mtl:LoansAndBorrowingsMember 2021-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2021-12-31 0001302362 ifrs-full:LandMember ifrs-full:GrossCarryingAmountMember 2021-12-31 0001302362 ifrs-full:LandMember 2021-12-31 0001302362 ifrs-full:BuildingsMember 2021-12-31 0001302362 ifrs-full:MachineryMember 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember 2021-12-31 0001302362 mtl:OtherEquipmentMember 2021-12-31 0001302362 ifrs-full:ConstructionInProgressMember 2021-12-31 0001302362 ifrs-full:MiningPropertyMember 2021-12-31 0001302362 ifrs-full:BuildingsMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:MachineryMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:MotorVehiclesMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 mtl:OtherEquipmentMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:ConstructionInProgressMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:MiningPropertyMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:LandMember ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember 2021-12-31 0001302362 ifrs-full:LandMember 2018-12-31 0001302362 ifrs-full:BuildingsMember 2018-12-31 0001302362 ifrs-full:MachineryMember 2018-12-31 0001302362 ifrs-full:MotorVehiclesMember 2018-12-31 0001302362 mtl:OtherEquipmentMember 2018-12-31 0001302362 ifrs-full:ConstructionInProgressMember 2018-12-31 0001302362 ifrs-full:MiningPropertyMember 2018-12-31 0001302362 mtl:RailwayUlakElgaMember 2018-12-31 xbrli:shares iso4217:RUB xbrli:pure utr:Year utr:Day iso4217:USD iso4217:EUR mtl:Subsidiaries mtl:Participant mtl:Bonds iso4217:RUB xbrli:shares mtl:Segment
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
Form 20-F
 
 
 
REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
 
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2021
OR
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
 
SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission file number
001-32328
 
 
MECHEL PAO
(Exact name of Registrant as specified in its charter)
 
 
RUSSIAN FEDERATION
(Jurisdiction of incorporation or organization)
Krasnoarmeyskaya Street 1, Moscow 125167, Russian Federation
(Address of principal executive offices)
Alexey Lukashov, tel.:
+7-495-221-8888,
e-mail:
alexey.lukashov@mechel.com
(Name, Telephone,
E-mail
and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered
COMMON AMERICAN DEPOSITARY SHARES, EACH COMMON
ADS REPRESENTING TWO
COMMON SHARES
 
MTL
 
NEW YORK STOCK EXCHANGE
COMMON SHARES, PAR VALUE
10 RUSSIAN RUBLES PER SHARE
     
NEW YORK STOCK EXCHANGE
(1)
PREFERRED AMERICAN DEPOSITARY SHARES, EACH PREFERRED ADS
REPRESENTING
ONE-HALF
OF A PREFERRED SHARE
 
MTL PR
 
NEW YORK STOCK EXCHANGE
PREFERRED SHARES, PAR VALUE
10 RUSSIAN RUBLES PER SHARE
     
NEW YORK STOCK EXCHANGE
(2)
Securities registered or to be registered pursuant to Section 12(g) of the Act:
None
(Title of Class)
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
None
(Title of Class)
 
 
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.
416,270,745 common shares, of which
45,020,456
 shares are in the form of common ADSs
138,756,915 preferred shares (including 54,793,636 shares held by Skyblock Limited, a wholly-owned subsidiary of Mechel PAO), of which
9,625,014
 shares are in the form of preferred ADSs
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes   ☐    No   ☒
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.    Yes   ☐    No   ☒
Note — Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   ☒    No   ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of
Regulation S-T
(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   ☒    No   ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in
Rule 12b-2
of the Exchange Act.
 
Large accelerated filer   ☐   Accelerated filer   ☒   
Non-accelerated filer
  ☐
  Emerging growth company   
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
 
The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.  
Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:
 
U.S. GAAP   ☐
  
International Financial Reporting Standards as issued by
the International Accounting Standards Board   ☒
     Other    ☐ 
If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
Item 17   ☐    Item 18   ☐
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2
of the Exchange Act).    Yes   ☐    No   
(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)
Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes   ☐    No   ☐
 
 
(1)
Listed, not for trading or quotation purposes, but only in connection with the registration of common ADSs pursuant to the requirements of the Securities and Exchange Commission.
(2)
Listed, not for trading or quotation purposes, but only in connection with the registration of preferred ADSs pursuant to the requirements of the Securities and Exchange Commission.
 
 
 

 
  
 
6
 
  
 
7
 
Item 1.
  
  
 
9
 
Item 2.
  
  
 
9
 
Item 3.
  
  
 
9
 
Item 4.
  
  
 
62
 
Item 4A.
  
  
 
132
 
Item 5.
  
  
 
132
 
Item 6.
  
  
 
167
 
Item 7.
  
  
 
177
 
Item 8.
  
  
 
178
 
Item 9.
  
  
 
183
 
Item 10.
  
  
 
183
 
Item 11.
  
  
 
218
 
Item 12.
  
  
 
219
 
Item 13.
  
  
 
222
 
Item 14.
  
  
 
223
 
Item 15.
  
  
 
223
 
Item 16A.
  
  
 
225
 
Item 16B.
  
  
 
225
 
Item 16C.
  
  
 
225
 
Item 16D.
  
  
 
226
 
Item 16E.
  
  
 
226
 
Item 16F.
  
  
 
227
 
Item 16G.
  
  
 
227
 
Item 16H.
  
  
 
228
 
Item 16I.
  
  
 
228
 
Item 17.
  
  
 
229
 
Item 18.
  
  
 
229
 
Item 19.
  
  
 
230
 
  
 
232
 
 
 
Unless the context otherwise requires, references to “Mechel” refer to Mechel PAO, and references to “Mechel group,” “the group,” “our group,” “we,” “us” or “our” refer to Mechel PAO together with its subsidiaries. Common American Depositary Shares representing common shares are referred to as “common ADSs,” Global Depositary Shares are referred to as “GDSs,” preferred American Depositary Shares representing preferred shares are referred to as “preferred ADSs” and common ADSs and preferred ADSs are together referred to as “ADSs.”
Our business consists of three segments: mining, steel and power. References in this document to segment revenues are to revenues of the segment excluding intersegment sales, unless otherwise noted. References in this document to our sales or our total sales are to third-party sales and do not include intra-group sales, unless otherwise noted.
The reporting currency of our consolidated financial statements is the Russian ruble. The reason of adopting the Russian ruble as the reporting currency in the consolidated financial statements under IFRS is to allow a greater transparency of our financial and operating performance as it more closely reflects the profile of our revenue and operating income that are mostly generated in Russian rubles.
 
1

References to “Russian rubles,” “rubles” or “RUB” are to the currency of the Russian Federation, references to “U.S. dollars,” “$” or “USD” are to the currency of the United States and references to “euro,” “€” or “EUR” are to the currency of the member states of the European Union that participate in the Economic and Monetary Union.
The term “tonne” as used herein means a metric tonne. A metric tonne is equal to 1,000 kilograms or 2,204.62 pounds.
Certain amounts that appear in this document have been subject to rounding adjustments; accordingly, figures shown as totals in certain tables or in the text may not be an arithmetic aggregation of the figures that precede them.
“CIS” means the Commonwealth of Independent States.
“CBR” refers to the Central Bank of the Russian Federation.
The following table sets forth by business activity the official names and location of our key subsidiaries and their names as used in this document:
 
Name as Used in This Document
 
Official Name
 
Location
Mining
   
Mechel Mining
  Mechel Mining AO   Russia, Moscow
Southern Kuzbass Coal Company
  Southern Kuzbass Coal Company PJSC   Russia, Kemerovo region
Yakutugol
  Yakutugol Joint-Stock Holding Company   Russia, Sakha Republic
Korshunov Mining Plant
  Korshunov Mining Plant PAO   Russia, Irkutsk region
Moscow Coke and Gas Plant
  Moscow Coke and Gas Plant AO   Russia, Moscow region
Mechel Coke
  Mechel Coke OOO   Russia, Chelyabinsk region
Port Posiet
  Trade Port Posiet AO   Russia, Primorsky Krai
Port Temryuk
  Port Mechel Temryuk OOO   Russia, Krasnodar Krai
Steel
   
Chelyabinsk Metallurgical Plant
  Chelyabinsk Metallurgical Plant PAO   Russia, Chelyabinsk region
Izhstal
  Izhstal PAO   Russia, Republic of Udmurtia
Urals Stampings Plant
  Urals Stampings Plant PAO   Russia, Chelyabinsk region
Beloretsk Metallurgical Plant
  Beloretsk Metallurgical Plant AO   Russia, Republic of Bashkortostan
Vyartsilya Metal Products Plant
  Vyartsilya Metal Products Plant AO   Russia, Republic of Karelia
Mechel Nemunas
  Mechel Nemunas UAB   Lithuania, Kaunas
Bratsk Ferroalloy Plant
  Bratsk Ferroalloy Plant OOO   Russia, Irkutsk region
Port Kambarka
  Port Kambarka AO   Russia, Republic of Udmurtia
Power
   
Southern Kuzbass Power Plant
  Southern Kuzbass Power Plant PAO  
Russia, Kemerovo region
Kuzbass Power Sales Company
  Kuzbass Power Sales Company PAO  
Russia, Kemerovo region
Mechel Energo
 
Mechel Energo OOO
 
Russia, Chelyabinsk region
Marketing and Distribution
   
Mechel Carbon
  Mechel Carbon AG   Switzerland, Baar
Mechel Service Global
  Mechel Service Global B.V.   Netherlands, the Hague
Mechel Service
  Mechel Service OOO   Russia, Moscow
Other
   
Mecheltrans
  Mecheltrans OOO   Russia, Moscow
 
2

SUMMARY OF RISK FACTORS
An investment in our securities is subject to a number of risks, including risks relating to
COVID-19,
our financial condition, our business and industry, our shares and ADSs and the trading market and risks relating to the Russian Federation. The following list summarizes some, but not all, of these risks. Please read the information in the section entitled “Risk Factors” for a more thorough description of these and other risks.
COVID-19
 
   
Further development of situation with
COVID-19
outbreak may result in lower demand for our products, negatively impact our revenues and adversely affect our results of operations.
 
   
COVID-19
quarantine measures, including any import restrictions, may affect our ability to use the logistics infrastructure and deliver our products to the customers.
 
   
COVID-19
outbreak may result in inability of the group to receive goods and services from suppliers that we need for our
day-to-day
operations.
 
   
Our operations could get disrupted if any of our employees test positive for
COVID-19
after returning to office or the production plants, which in turn could have an adverse effect on our ability to continue operations.
 
   
Our internal controls over financial reporting can be affected by the
COVID-19
outbreak, which may result in our inability to prevent or detect misstatements.
 
   
With further development of
COVID-19,
IT infrastructure and resources can become scarcely available to us due to shortage, remote working and limited capacity of existing infrastructure.
Risks Relating to Our Financial Condition
 
   
We have a portion of
non-restructured
debt and there is substantial doubt about our ability to continue as a going concern.
 
   
We have experienced and may continue to experience liquidity shortages and a working capital deficit.
 
   
Our creditors had accelerated and in the future may accelerate amounts due under our loan agreements, which may result in loss of our assets, including fixed assets and shares in our subsidiaries, adversely affect our ability to conduct our business and result in a significant decline in the value of our shares and ADSs.
 
   
We may fail to comply with the terms of the restructured indebtedness or be unable to complete restructuring.
 
   
We have a substantial amount of outstanding indebtedness with restrictive covenants and most shares and certain assets in our subsidiaries are pledged.
 
   
We may become subject to bankruptcy procedures, which may result in the inability of holders of our shares and ADSs to recover some or all of their investments.
 
   
If we fail to fulfill payment obligations under the group’s lease agreements, our lessors may require the return of the leased assets, which could materially adversely affect our business, financial condition, results of operations and prospects.
Risks Relating to Our Business and Industry
 
   
We operate in cyclical industries, and any local or global downturn, whether or not primarily affecting the mining and/or steel industries, may have an adverse effect on our business, financial condition, results of operations and prospects.
 
3

   
The steel and mining industries are highly competitive, and we may not be able to compete successfully.
 
   
Our business is capital intensive, if we are not able to finance our capital investment program this may have a material adverse effect on our business and our ability to comply with applicable regulations.
 
   
Successful implementation of our strategy to expand our coal sales depends on our ability to increase our export sales and further development of transportation infrastructure.
 
   
Changes in our estimates of mineral resources and reserves or failure to implement mine development plans could result in lower than expected revenues, higher than expected costs or decreased operating margins.
 
   
Our business could be materially adversely affected if we fail to obtain or extend necessary subsoil licenses or fail to comply with the terms of our subsoil licenses.
 
   
Increasing energy, raw materials, transportation and labor costs could adversely affect our operating margins.
 
   
We are subject to mining and steelmaking operational risks associated with the exploration, development and production of natural resources, as well as the process of steelmaking, any of which could result in production shortfalls or damage to persons or property.
 
   
More stringent environmental laws and regulations or more stringent enforcement or findings that we have violated environmental laws and regulations could result in higher compliance costs and significant fines and penalties, or require significant capital investment, or even result in the suspension of our operations.
 
   
Failure to comply with existing laws and regulations could result in substantial additional compliance costs or various sanctions which could materially adversely affect our business, financial condition, results of operations and prospects.
 
   
The concentration of our shares with our largest shareholders will limit your ability to influence corporate matters and transactions with largest shareholders may present conflicts of interest, potentially resulting in the entering into transactions on less favorable terms than could be obtained on arm’s length basis.
Risks Relating to Our Shares and ADSs and the Trading Market
 
   
The suspension of trading and potential delisting of our ADSs could adversely affect the liquidity and the market price of our shares and ADSs.
 
   
The price of our shares and ADSs could be volatile and could drop unexpectedly, making it difficult for investors to resell our shares or ADSs at or above the price paid.
 
   
The depositary may be required to take certain actions due to Russian law requirements which could adversely impact the liquidity and the value of the shares and ADSs.
 
   
Voting rights with respect to the shares represented by our ADSs are limited by the terms of the relevant deposit agreement for the ADSs and relevant requirements of Russian law.
 
   
ADS holders may not be able to benefit from the United States-Russia income tax treaty and capital gains from the sale of ADSs may be subject to withholding tax in Russia.
 
   
Holders of ADSs may have limited recourse against us and our directors and executive officers.
Risks Relating to the Russian Federation
 
   
Emerging markets such as Russia are subject to greater risks than more developed markets, and financial turmoil in developed or other emerging markets could have a material adverse effect on our business and could cause the value of our shares and ADSs to fluctuate widely.
 
4

   
Geopolitical disagreements between Russia and Ukraine and sanctions imposed as a result thereof could adversely affect our business, financial condition and results of operations.
 
   
Sanctions, as well as other politically related disagreements and allegations between Russia and other countries, may have a material adverse effect on our business, liquidity and financial condition, as well as value of our shares and ADSs.
 
   
Political and governmental instability could materially adversely affect our business, financial condition, results of operations and prospects and the value of our shares and ADSs.
 
   
Weaknesses relating to the Russian legal system and legislation create an uncertain investment climate.
 
   
Selective government action could have a material adverse effect on the investment climate in Russia and on our business, financial condition, results of operations and prospects and the value of our shares and ADSs.
 
   
Due to still-developing law and practice related to minority shareholder protection in Russia, the ability of holders of our shares and ADSs to bring, or recover in, an action against us may be limited.
 
5

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this document may constitute forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “plan,” “project,” “will,” “likely,” “goal,” “future,” “may,” “should” and similar expressions identify forward-looking statements. Forward-looking statements appear in a number of places including, without limitation, “Item 3. Key Information — Risk Factors,” “Item 4. Information on the Company” and “Item 5. Operating and Financial Review and Prospects,” and include statements regarding:
 
   
strategies, outlook and growth prospects;
 
   
the ability to maintain and generate sufficient cash and other liquid resources to meet our operating and debt service requirements;
 
   
our ability to comply with the covenants and restrictions imposed by the existing and future financing arrangements and our ability to attract new financing or refinancing, as well as to restructure the debt;
 
   
the impact of competition;
 
   
capital expenditures;
 
   
demand for our products;
 
   
economic outlook and industry trends;
 
   
transactions with related parties;
 
   
regulatory compliance;
 
   
developments in our markets;
 
   
future plans and potential for future growth;
 
   
the results of any legal procedures;
 
   
the impact of regulatory initiatives; and
 
   
the strength of our competitors.
The forward-looking statements in this document are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, and we may not achieve or accomplish these expectations, beliefs or projections. See “Item 3. Key Information — Risk Factors” for a discussion of important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements.
Except to the extent required by law, neither we, nor any of our agents, employees or advisers intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained or incorporated by reference in this document.
 
6

CAUTIONARY NOTE REGARDING RESERVE AND MINERAL RESOURCE DISCLOSURE
Estimates of mineralization and other technical information included or incorporated by reference herein have been prepared in accordance with subpart 1300 of Regulation
S-K
(the “
New Mining Regulation
”).
Due to the uncertainty that may be attached to inferred mineral resource estimates, it cannot be assumed that all or any part of an inferred mineral resource estimate will be upgraded to an indicated or measured mineral resource estimate as a result of continued exploration. Confidence in an inferred mineral resource estimate is insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of economic viability sufficient for public disclosure, except in certain limited circumstances. Inferred mineral resource estimates are excluded from estimates forming the basis of a feasibility study.
The New Mining Regulation requires mining companies to disclose mineral resources using the subcategories of measured resources, indicated resources and inferred resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
A “feasibility study” is a comprehensive technical and economic study of the selected development option for a mineral project, which includes detailed assessments of all applicable modifying factors, as defined by this section, together with any other relevant operational factors, and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is economically viable. The results of the study may serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. A feasibility study is more comprehensive, and with a higher degree of accuracy, than a
pre-feasibility
study. It must contain mining, infrastructure, and process designs completed with sufficient rigor to serve as the basis for an investment decision or to support project financing. The confidence level in the results of a feasibility study is higher than the confidence level in the results of a
pre-feasibility
study. Terms such as full, final, comprehensive, bankable, or definitive feasibility study are equivalent to a feasibility study.
A “preliminary feasibility study” or
“pre-feasibility
study” is a comprehensive study of a range of options for the technical and economic viability of a mineral project that has advanced to a stage where a qualified person has determined (in the case of underground mining) a preferred mining method, or (in the case of surface mining) a pit configuration, and in all cases has determined an effective method of mineral processing and an effective plan to sell the product. A
pre-feasibility
study includes a financial analysis based on reasonable assumptions, based on appropriate testing, about the modifying factors and the evaluation of any other relevant factors that are sufficient for a qualified person to determine if all or part of the indicated and measured mineral resources may be converted to mineral reserves at the time of reporting. The financial analysis must have the level of detail necessary to demonstrate, at the time of reporting, that extraction is economically viable. A
pre-feasibility
study is less comprehensive and results in a lower confidence level than a feasibility study. A
pre-feasibility
study is more comprehensive and results in a higher confidence level than an initial assessment.
An “indicated mineral resource” is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of adequate geological evidence and sampling. The level of geological certainty associated with an indicated mineral resource is sufficient to allow a qualified person to apply modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Because an indicated mineral resource has a lower level of confidence than the level of confidence of a measured mineral resource, an indicated mineral resource may only be converted to a probable mineral reserve.
An “inferred mineral resource” is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. Because an inferred mineral resource has the lowest level of geological confidence of all mineral resources, which prevents the application of the modifying factors in a manner useful for evaluation of economic viability, an
 
7

inferred mineral resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve.
A “measured mineral resource” is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of conclusive geological evidence and sampling. The level of geological certainty associated with a measured mineral resource is sufficient to allow a qualified person to apply modifying factors, as defined in this section, in sufficient detail to support detailed mine planning and final evaluation of the economic viability of the deposit. Because a measured mineral resource has a higher level of confidence than the level of confidence of either an indicated mineral resource or an inferred mineral resource, a measured mineral resource may be converted to a proven mineral reserve or to a probable mineral reserve.
A “mineral reserve” is an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted.
A “mineral resource” is a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. A mineral resource is a reasonable estimate of mineralization, taking into account relevant factors such as
cut-off
grade, likely mining dimensions, location or continuity, that, with the assumed and justifiable technical and economic conditions, is likely to, in whole or in part, become economically extractable. It is not merely an inventory of all mineralization drilled or sampled.
A “probable mineral reserve” is the economically mineable part of an indicated and, in some cases, a measured mineral resource.
A “proven mineral reserve” is the economically mineable part of a measured mineral resource and can only result from conversion of a measured mineral resource.
Figures related to our mineral resource and reserve estimates are rounded to reflect the relative accuracy of the estimates, and totals may not add correctly. In addition, the mineral resource and reserve estimates are based on the factors related to the geological and grade models discussed in “Item 4. Information on the Company,” and the criteria for reasonable prospects of eventual economic extraction as described therein. The mineral resource and reserve estimates may be affected, positively or negatively, by additional exploration that expands the geological database and models of the properties described. The mineral resource and reserve estimates could also be materially affected by any significant changes in the assumptions regarding forecast product prices, mining efficiency, process recoveries, or production costs. If the price assumptions decrease or the assumed production costs increase, then the
cut-off
grade would increase. The potential impacts on the mineral resource and reserve estimates may be material and such estimates may need to be
re-evaluated.
The mineral resource and reserve estimates are also based on certain critical assumptions, such as requisite mining permits continuing to be granted
as-needed,
tax rates remaining stable, and the absence of additional regulations on the corresponding properties. Except as described in “Item 4. Information on the Company” and the Technical Report Summaries (as defined below), Phoenix Mining Consultants Ltd., our qualified person, is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the mineral resource and reserve estimates.
 
8

PART I
Item 1.
Identity of Directors, Senior Management and Advisers
Not applicable.
Item 2.
Offer Statistics and Expected Timetable
Not applicable.
Item 3.
Key Information
Selected Financial Data
The financial data set forth below as of December 31, 2021, 2020, 2019, 2018 and 2017, and for the years then ended, have been derived from our consolidated financial statements. Our reporting currency is the Russian ruble and we prepare our consolidated financial statements in accordance with International Financial Reporting Standards (“
IFRS
”) as issued by the International Accounting Standards Board (“
IASB
”).
In April 2020, we disposed of the Elga coal complex, which was recognized as a discontinued operation in our consolidated financial statements. As a result, the financial data for the years ended December 31, 2019, 2018 and 2017 have been adjusted to reflect the disposal. For more information, see note 24 to the consolidated financial statements.
The selected financial data set forth below should be read in conjunction with, and is qualified in its entirety by reference to, “Item 5. Operating and Financial Review and Prospects” and our audited consolidated financial statements and the notes thereto included in this Annual Report on Form
20-F.
 
   
Year Ended December 31,
 
   
2021
   
2020
   
2019
   
2018
   
2017
 
                               
   
(In millions of Russian rubles, unless stated otherwise)
 
Consolidated statement of profit or loss and other comprehensive income data:
         
Revenue from contracts with customers
    402,074       265,454       287,153       303,795       291,543  
Cost of sales
    (223,993     (170,605     (183,086     (174,058     (158,196
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Gross profit
    178,081       94,849       104,067       129,737       133,347  
Total selling, distribution and operating income and (expenses), net
    (75,415     (74,924     (69,867     (78,591     (76,367
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Operating profit
    102,666       19,925       34,200       51,146       56,980  
Total other income and (expense), net
    (13,536     (57,550     (15,212     (27,596     (37,331
Profit (loss) before tax from continuing operations
    89,130       (37,625     18,988       23,550       19,649  
Income tax expense
    (6,511     (2,528     (7,913     (2,653     (1,844
Profit (loss) from continuing operations
    82,619       (40,153     11,075       20,897       17,805  
Profit (loss) after tax from discontinued operations
    —         41,609       (6,790     (7,361     (5,235
Profit
    82,619       1,456       4,285       13,536       12,570  
Less: profit attributable to
non-controlling
interests
    2,049       648       1,876       908       1,013  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Profit attributable to equity shareholders of Mechel
    80,570       808       2,409       12,628       11,557  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Profit
    82,619       1,456       4,285       13,536       12,570  
Exchange differences on translation of foreign operations
    (152     2,042       (1,771     (9     313  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Re-measurement
of defined benefit plans
    1,070       200       (867     487       145  
Net (loss) gain on equity instruments designated at fair value through other comprehensive income
    (27     53       —         —         —    
Total comprehensive income, net of tax
    83 510       3,751       1,647       14,014       13,028  
 
9

   
Year Ended December 31,
 
   
2021
   
2020
   
2019
   
2018
   
2017
 
                               
   
(In millions of Russian rubles, unless stated otherwise)
 
Total comprehensive income attributable to
non-controlling
interests
    2,066       652       1,857       918       1,016  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total comprehensive income (loss) attributable to equity shareholders of Mechel
    81,444       3,099       (210     13,096       12,012  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Earnings (loss) per share from continuing operations (Russian rubles per share), basic and diluted
    199       (99     22       48       40  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Earnings (loss) per share from discontinued operations (Russian rubles per share), basic and diluted
    —         101       (16     (18     (12
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Earnings per share (Russian rubles per share) attributable to common equity shareholders, basic and diluted
    199       2       6       30       28  
Dividends declared per common share (Russian rubles per share)
    —         —         —         —         —    
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Dividends declared per preferred share (Russian rubles per share)
    —         1.17       3.48       18.21       16.66  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Weighted average number of common shares
    404,776,126       412,589,910       416,256,510       416,270,745       416,270,745  
Mining segment statement of profit (loss) data
(1)
:
         
Revenue from contracts with customers
    164,973       105,283       121,227       125,653       134,846  
Cost of sales
    (61,783     (53,842     (57,547     (53,384     (46,722
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Gross profit
    103,191       51,441       63,680       72,269       88,124  
Total selling, distribution and operating income and (expenses), net
    (35,193     (37,333     (36,905     (38,178     (40,050
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Operating profit
    67,999       14,108       26,775       34,091       48,074  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Steel segment statement of profit (loss) data
(1)
:
         
Revenue from contracts with customers
    268,426       173,510       180,919       193,764       180,382  
Cost of sales
    (205,898     (143,480     (153,433     (149,349     (146,369
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Gross profit
    62,529       30,030       27,486       44,416       34,013  
Total selling, distribution and operating income and (expenses), net
    (25,081     (23,510     (20,399     (24,602     (24,859
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Operating profit
    37,447       6,520       7,087       19,814       9,154  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Power segment statement of profit (loss) data
(1)
:
         
Revenue from contracts with customers
    45,419       43,457       44,327       43,245       42,562  
Cost of sales
    (31,396     (29,368     (31,269     (30,807     (29,907
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Gross profit
    14,022       14,089       13,058       12,438       12,655  
Total selling, distribution and operating income and (expenses), net
    (15,133     (14,397     (11,642     (15,811     (11,457
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Operating (loss) profit
    (1,111     (308     1,416       (3,374     1,198