"Mechel" can sell the Chelyabinsk Metallurgical Plant.
"Mechel" is preparing to sell all of its assets, even the Chelyabinsk Metallurgical Plant - if a good price is proposed. The company hopes to gain $ 3 billion from the sale.
The "Mechel" Mining company (Igor Zyuzin posesses 67.42 % in it) is willing to consider various options and to sell any of its assets, it will depend on what price the buyers offer, the CEO "Mechel" Oleg Korzhov told "the Vedomosti", - including both a share or the entire package in the Chelyabinsk Metallurgical Plant (CMP). Niether Korzhov nor press office stated who "Mechel" negotiates with.
CMP has become a part of "Mechel" in 2001 - Vladimir Iorih and Zyuzin, who then owned "Mechel", bought it from a Swiss trader Glencore for $ 133 million. More than $ 900 million were invested in CMP's modernization – in particular, in 2008-2013 the rolling mill was built, which can produce 100-meter rails for the high-speed railways of Russian Railways.