Mechel Steel Group OAO (MTL)

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[edit] Overview

Mechel is one of the leading Russian companies. Its business includes three segments: mining, steel, and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.

[edit] Russian Anti Monopoly Committee Investigation

The company has recently come under fire from the Russian government due to Anti-Trust and Tax Evasion Concerns. Russian Prime Minister Putin has been very vocal about Mechel's foreign vs domestic sales. The deadline for the Russian Anti-Monopoly Committee's decision is August 26th, but most expect it earlier^[1]

On August 13th 2008, the Federal Anti Monopoly Service gave its ruling. The Russian Service will insist on a 30 percent reduction in domestic coking coal prices, and a fine of 7 percent to 8 percent of revenue. Coking coal accounts for about 8% of Mechel's revenue and the fine will cost Mechel about 300 million dollars according to Goldman Sachs analyst Vasily Nikolaev.

 Mechel Steel Group OAO

	Select All  |  Select None Metrics Revenue by Geography - International Revenue by Geography - Europe Revenue by Geography - Asia Revenue by Geography - Africa Revenue by Geography - South America Gross Profit Net Income Operating Income Average Price of Iron Revenue Revenue by Geography - United States Production - Steel (millions of tonnes) Production - Iron (millions of tonnes) Capacity - Steel (millions of tonnes) Capacity - Iron (millions of tonnes) Average Price of Steel Revenue from Steel Cancel

	Select All  |  Select None Companies AK Steel Holding (AKS) Cleveland-Cliffs (CLF) Commercial Metals Company (CMC) China Precision Steel (CPSL) Carpenter Technology (CRS) Dayton Superior (DSUP) Friedman Industries (FRD) Gerdau S.A. (GGB) Gerdau AmeriSteel (GNA) Great Northern Iron Ore Properties (GNI) Haynes International (HAYN) Harsco (HSC) Insteel Industries (IIIN) METALICO (MEA) Metal Management (MM) Mechel Steel Group OAO (MTL) Nucor (NUE) Northwest Pipe Company (NWPX) Pohang Iron & Steel (PKX) Cia Vale do Rio Doce (RIO) Gibraltar Industries (ROCK) Rio Tinto (RTP) Schnitzer Steel Industries (SCHN) Companhia Siderurgica Nacional S.A. (SID) Grupo Simec, S.A. de C.V. (SIM) Steel Dynamics (STLD) Synalloy (SYNL) Tenaris S.A. (TS) Ternium S.A. (TX) Universal Stainless & Alloy Products (USAP) Worthington Industries (WOR) Olympic Steel (ZEUS) ArcelorMittal (MT) Cancel

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Company	Data From	Average Price of Steel	Revenue from Steel	Revenue	Revenue by Geography - United States	Production - Steel (millions of tonnes)	Production - Iron (millions of tonnes)	Capacity - Steel (millions of tonnes)	Capacity - Iron (millions of tonnes)
Cleveland-Cliffs (CLF)	2007	Add	$0[2]	$2.28B[3]	$1.28B[4]	Add	43M[3]	Add	Add
Harsco (HSC)	2007	Add	$1.52B[5]	$3.69B[6]	$1.15B[7]	Add	Add	Add	Add
Mechel Steel Group OAO (MTL)	2007	Add	$0[8]	$6.68B[9]	$40.1M[10]	Add	Add	Add	Add
Ternium S.A. (TX)	2007	Add	$8.18B[11]	$8.18B[11]	$3.31B[12]	Add	Add	Add	Add

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[edit] References

1. ↑ Mechel- Let's get greedy- Domenic Strazzulla’s Stock Blog
2. ↑ CLF, 2007 10-K, Item 1 Pg 4
3. ↑ ^{3.0 3.1} CLF, 2007 10-K, Item 6 Pg 38
4. ↑ CLF, 2007 10-K, Item 8 Pg 88
5. ↑ HSC, 2007 10-K, Item 8 Pg 88
6. ↑ HSC, 2007 10-K, Item 6 Pg 18
7. ↑ HSC, 2007 10-K, Item 8 Pg 90
8. ↑ MTL, 2007 20-F, Item 4 Pg 36
9. ↑ MTL, 2007 20-F, Item 3 Pg 2
10. ↑ MTL, 2007 20-F, Item 4 Pg 69
11. ↑ ^{11.0 11.1} TX, 2007 20-F, Item 3 Pg 7
12. ↑ TX, 2007 20-F, Item 5 Pg 71