QUOTE AND NEWS
StreetInsider.com  Feb 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Nomura+Upgrades+Mechel+OAO+%28MTL%29+to+Buy+/5316104.html for the full story.
Metal Bulletin  Feb 2  Comment 
Mechel is due to finish building its 1 million tpy universal rolling mill at its Chelyabinsk plant in 2011, with commissioning planned for later that year, a company spokesman told MB
Metal Bulletin  Feb 1  Comment 
Mechel reported year-on-year increases in its fourth-quarter steelmaking and rolling segments as demand for steel products strengthened and operations were at full capacity
Market Intelligence Center  Feb 1  Comment 
Mechel (NYSE: MTL) opened at $20.30. So far today, the stock has hit a low of $20.30 and a high of $21.34. MTL is now trading at $21.04, up $1.25 (6.32%). Over the last 52 weeks the stock has ranged from a low of $3.04 to a high of $26.63. Shares...
Metal Bulletin  Jan 28  Comment 
Mechel plans to open a representative office in China for trading and business purposes, a spokesman for the Russian steelmaking and mining group confirmed to MB
StreetInsider.com  Jan 28  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/J.P.+Morgan+Upgrades+Mechel+Steel+%28MTL%29+to+Overweight+/5283429.html for the full story.
Shocked Investor  Jan 25  Comment 
We track all ADRs that trade in New York live as one of our newest TrackingLive sites. The following table shows the best performing since Jan 2009, ROI since then is in the last column, and also YTD 2010 shown (2nd last column): The top...
Metal Bulletin  Jan 13  Comment 
Mechel Services, part of Russian steelmaker Mechel, has ramped up to full capacity of 700 tpm of welded mesh as part of its new sales strategy, the company said
Globe Newswire  Jan 12  Comment 
MOSCOW, Jan. 12, 2010 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces successful implementation of annual development plan of its sales and service network, Mechel Service OOO. In May 2009,
Market Intelligence Center  Jan 11  Comment 
Mechel (NYSE: MTL) hit a new 52-Week high of $23.95 so far today. Currently the stock is up $1.05 (4.81%) to $22.90 on 1,542,440 shares traded. Today's high is up $20.34 from a 52-Week Low of $2.56. Mechel stock has been showing support around...



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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.

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.





References

  1. Mechel- Let's get greedy- Domenic Strazzulla’s Stock Blog
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