The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…
Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles. The companies do not disclose the conditions of the deal. The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)
Mechel-Service has shipped the first batch of rebars for the construction of the President military school in Petrozavodsk, Karelia. The volume of the lot is 200 tons. According to the company statement, the Chelyabinsk Iron and Steel Works (a part of Mechel) rebars are used in the construction of the three-storied building. The construction is…
Mechel held a shareholders’ meeting on May 17. The shareholders have approved deals with Gazprombank. Thus they have approved of changes to the suretyship agreement on securing the loan contracts of Yakutugol and Yuzhniy Kuzbass with Gazprombak, as well as pledging 25% +1 share of Mechel-Mining ordinary shares to the bank. (Ukrainian metal)
Mechel-Service has supplied 160 tons of rebars for the construction of the Sojuzpischevik works in Chelyabinsk. The Chelyabinsk Iron and Steel Works rebars will be used to reconstruct the works on almond, oat and rice milk manufacture. The massive overhaul of the 115-years old factory began last year. (Ukrainian metal)
Mechel-Service has opened a new warehouse in Biysk. The total number of the company warehouses in Russia has grown to 62 and the cities where it is present to 45. Earlier customers had to travel 165 km to Barnaul, where the nearest warehouse was situated. The customers of the new warehouse are construction companies, metal…
Mechel-Service delivered the first batch of rebars for the construction of the Third Interchange Contour of the Moscow subway. The construction company received 560 tons of rolled metal. The Chelyabinsk Iron and Steel Works rebars are used in the construction of 6 stations: Delovoy Tsentr, Shelepikha, Khoroshevskaya, Khodyn Field, Petrovsky Park and Nizhnyaya Maslovka. (Ukrainian…
Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value. “On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and…