Last year "Mechel" loses almost $ 3 billion.

"Mechel" announced its US GAAP financial results for 2013. In 2013 the Net loss was $ 2.9 billion, most of these figures are explained by writing off more than $ 2 billion, RBK informs.

The revenue decreased by 19% to $ 8.6 billion compared with the previous year, the EBITDA fell by half to $ 730 million. The net debt was $ 8.7 billion with a decrease of $ 300 million over 12 months.

In 2013 getting rid of unprofitable enterprises and struggling with huge debts, "Mechel" sold steel mills in Romania for a nominal fee of $ 70, the Tikhvin plant near St. Petersburg and Kazakh Mining and Processing Plant "Voskhod" for $ 425 million, the Bulgarian TPP "Toplofikatsia ruse" for 29 million euro, the British mini-EAF plant Invicta Merchant Bar for $ 1.7 million. In 2013 the total net loss from the discontinued operations was $ 1.4 billion, the "Mechel" statement informs.