Mechel’s stocks rose in price by 12% in the USA
Edited by Rhod Mackenzie / 2014-05-05 10:24:51
Mechel’s stocks rose in price by 12% to $2.05 per stock in the USA at the background of the news about the anticipated repayment of a debt of $150 million by Mechel to Alfa Bank. However the transactions are still risky investment due to immense debt of Mechel in accompany with the tough credit situation and low prices for steel and coal, the Moscow analyst ,A. Tretelnikov says.
Bloomberg states that all Russian stocks began declining on the background of escalation of the conflict in the Ukraine and its spreading to the neighboring regions.
