Mechel

In H1, Izhstal increased production volume

In the first six months of the year, Izhstal (a part of the Mechel Group) increased production and sales volumes by 31% in comparison with the same period of the previous year.

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VEB reconstructs Elga debt of Mechel

VEB has extended the terms of repayment, made a new schedule and reduced the loan rate by $167 million to the Elga deposit operator - Elgaugol (a subsidiary of Mechel).

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In H1, Mechel’s net loss under RAS grew almost 4 times

In the first six months of 2017, the net loss of Mechel under RAS increased 3.8 times compared to the same period in 2016 and amounted to 17.41 billion rubles, the company reports.

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Mechel convinces VEB - state corporation to restructure $150 million loan for Elginskoye field

Following the state-owned banks, which account for 71% of the 469 billion ruble debt of Igor Zyuzin's Mechel, Vnesheconombank (VEB) also decided to restructure the loan to Mechel's subsidia

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ChMK completed the blast furnace repair

The Chelyabinsk Metallurgical Combine (ChMK, part of the Mechel Group) completed a major overhaul of one of the main units - blast furnace #1 , which produces cast iron.

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Mechel masters market of supersized ingots from special steel grades

At the Chelyabinsk metallurgical plant, the first supersized ingot weighing 50 tons has been cast.

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Boris Dubrovsky says Mechel and ChTPZ are ready to take part in major projects in Kyrgyzstan

The governor Boris Dubrovsky announced the readiness of the region's enterprises to participate in the implementation of large infrastructure projects in Kyrgyzstan.

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Rostov Arbitration Court obliges Mechel to return 12.7 billion rubles to Rostov Electrometallurgical Plant

On July 13, 2017 the Rostov Regional Arbitration Court recognized the claims of Atrix BV and the Rostov Electrometallurgical Plant (REMZ) to recover damages caused by Mechel Group companies, the pr

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In H1, Korshunovsky GOK produced 1.4 mln tons of iron ore concentrate

In the first six months of this year, Korshunovsky mining plant (GOK, a part of the Mechel Group) produced 1.4 million tons of iron ore concentrate, which is by 5% more than in the same period a ye

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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