Mechel Falls Most in Eight Weeks as Work Suspended for Safety
OAO Mechel (MTL), Russia’s largest coal producer for steelmakers, lost the most in eight weeks in New York as work was suspended at several facilities at the New- Olzherassk mine under order from the country’s safety regulator.
Production at the mine may resume “shortly” and the temporary halt won’t affect the “operational commitments” of the company’s Southern Kuzbass unit in Siberia, Mechel said today in a statement.
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