Mechel

Mechel announces signing of a memorandum with Chinese Shasteel Group about delivery of coking coal

On June 5 Mechel Plc. announced signing of the memorandum with Chinese Shasteel Group about delivery of coking coal.
In compliance with the memorandum the subsidiary Mechel Carbon will supply Shasteel Group with 40,000-80,000 tons of coking coal per month from the Far Eastern ports from June 2013. The price of the coal supplied will be determined on monthly basis.

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Novatek denies its participation in the purchase of Yuzhuralnickel

Novatek is not involved  in relation to the deal on sale of Yuzhuralnickel (Orsk, a part of Mechel), the Novatek’s press secretary Mikhail Lozovoy reported to the agency Prime.
Earlier, on Monday the press centre of the Orenburg region’s government reported that Yuzhuralnickel had found a new owner. A source, who is familiar with the situation, reported that a structure of Novatek may be the possible purchaser.

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Vnesheconombank considers $2 billion credit for the development of the Elga deposit in Yakutia by Mechel

Vnesheconombank considers the application on the granting of a credit of $2 billion for the development of the Elga coal deposit (Yakutia) by Mechel.

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In April of 2013, Russian Steel’s enterprises produced 4.48 million tons of finished rolled metal

In April of 2013, the main enterprises-members of Russian Steel produced 4.48 million tons of finished metal that is by 4.8% less than in April of 2012 and by 4.4% less than in March of 2013.
In January-April of 2013, the production of finished rolled metal decreased by 3.1% as compared to the same period of the last year to 18.07 million tons.

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Mechel produces 1.3 million tons of steel in Q1, 2013

 
Mechel Plc. announces the production and sales results of Q1, 2013.
General Director of the company Yevgeniy Mikhel commented on the results of the company’s work in Q1, 2013, “In Q1 the expected reduction of coal mining compared o Q4, 2012 happened due to less favourable conditions of open mining during winter months. At the same time, the revival of metallurgical coals market in the beginning of the year and the company’s efforts aimed at expanding of the customer base made it possible to increase sales of coking coal, anthracites and PCI at the outer market (to APR, first of all) and the domestic market, including the deliveries to North American market from Mechel-Bluestone which resumed its operation in the beginning of the year. Totally, in Q1 sales of coking coal increased by 13% compared to Q4, 2012, sales of anthracites – by 19% and PCI coal – by 13%. Sales of energy coal increased as well – by 9% compared to Q4, 2012 – mainly due to increment of deliveries to energy enterprises of the group.

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Mechel has concluded a 3-year contract on the supply of coal to South Korea

South-Korean Corporation POSCO will get 500 thousand tons of coking coal from the Elga deposit every year.
Mechel has concluded a 3-year contract on a supply of coal to South-Korean POSCO. The coal will be delivered by a subsidiary of the holding “Mechel Carbon”. Besides, Mechel’s affiliate has concluded an annual agreement with POSCO on a supply of 200 thousand tons of PCI coal until 2014.

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MMK-Metiz is about to approach the Tadjik market

OJSC “MMK-Metiz” is about to approach the market of Tajikistan.
As they stated to a reporter of “Novy Region” in the press-service of MMK, the negotiations on cooperation took place within the frame of the II International conference on inter-regional cooperation between Russia and Tajikistan in Dushanbe.

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Industrial rates of enterprises-members of Russian Steel in February and Q1 of 2013

In March of 2013, main enterprises-members of Russian Steel produced 4.68 million tons of finished rolled metal that is by 3% less than in March of 2012 and by 8% more than in February of 2013.
In the first quarter of 2013, the production of finished rolled metal decreased by 2.6% as compared to the same period of the last year to 13.584 million tons.

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The Russian authorities are worried with the Ukrainian quotas for Russian coal

The Russian coking coal industry is going to face an unfavorable period due to intent of the Ukraine to introduce quotas for the raw material imports for steel production, the Vice Minister of Energy of Russia A. Yanovsky says.
The Ukraine is going to introduce a quota for coking coal used in steel production at a rate of 10.2 million tons and to impose full moratorium for coke and semi-coke imports that is dangerous for Russia by the loss of the most perspective markets.

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Mechel plans to increase coal production up to 27.6 million tons by 2015

“Mechel” Group plans to increase an annual production of commercial coal up to 27.6 million tons in 2015 from the 21.3 million tons in 2012, is said in the documents of the company.
Mechel is about to develop coking coal resources at “Yakutugol” (a part of the Group), which has 4 mines and licences. It will allow the company to strengthen the position of the leading global producer of coking coal, the company notes.

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