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mechel-pfd (MTLRP) Details

Mechel OAO, together with its subsidiaries, engages in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, the United States, and internationally. The company operates through four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment engages in the production and sale of metallurgical and steam coal, coke, iron ore, and limestone, as well as chemical products, such as coal tar, naphthalene, and other compounds. The Steel segment produces and sells semi-finished steel products, carbon and special long products, and carbon and stainless flat products, as well as metal products, including wire products, forgings, and stampings. The Ferroalloys segment is involved in the production and sale of nickel ore, low-ferrous ferronickel, ferrochrome, and ferrosilicon. The Power segment engages in the generation and sale of electricity and heat energy from steam coal; and power distribution activities. The company, formerly known as Mechel Steel Group OAO, was founded in 2003 and is based in Moscow, the Russian Federation.

Founded in 2003

mechel-pfd (MTLRP) Top Compensated Officers

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mechel-pfd (MTLRP) Key Developments

Mechel OAO Signs Loan Agreement with Mechel-Service OOO

On March 21, 2014 Mechel OAO signed an interested-party deal - a loan agreement with Mechel-Service OOO (the lender). Term of the deal is through March 20, 2015. The deal value is RUB 2,763,027,390.

Mechel OAO Announces Launch of Pilot Project

Mechel OAO announced the launch of a pilot project on stepping up the efficiency of measures for improvement of labor conditions at the Group's enterprises. The project will be implemented jointly with Russia's Federal Labor and Employment Service as part of that agency's new activity model Open Labor Inspection, which is due to be set up in the Russian Federation by 2018. Mechel Group was chosen for implementing this project as one of Russia's major employers, with activities involving diversified industrial facilities. As part of the project, a monitoring will be held in 2014, analyzing work conditions and labor safety systems in 21 of Mechel's facilities. As a result, a comprehensive plan for improving work conditions will be designed, taking into account the newest amendments to Russian labor law.

Mechel OAO Announces Contract with Baosteel Resources Corporation

Mechel OAO announced that its contract with Baosteel Resources corporation. According to the memorandum signed at Baosteel Resources' Shanghai headquarters, Mechel Carbon Singapore will supply Baosteel Resources with up to 1.2 million tonnes of coking coal. The agreement will be valid from April 2014 through March 2015, with a possibility of further prolongation. Prices will be determined on a monthly basis. Mechel Carbon Singapore has fully met its obligations according to the earlier contract, having shipped a total of 960,000 tonnes of coking coal to Baosteel enterprises in China's eastern and southern provinces. As part of last year's agreement, Mechel Carbon Singapore also made test shipments of PCI coals, as well as steam coal from the Elga deposit.


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