Last €0.34 EUR
Change Today -0.044 / -11.58%
Volume 4.2K
As of 11:11 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

mechel-pref spon adr (MHSE) Snapshot

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02/26/15 - €0.43
52 Week Low
11/19/14 - €0.02
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mechel-pref spon adr (MHSE) Details

Mechel OAO, together with its subsidiaries, is engaged in mining and steel businesses in the Russian Federation, other CIS countries, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment is engaged in the production and sale of metallurgical and steam coal, coke, iron ore, and limestone, as well as chemical products, such as coal tar, naphthalene, and other compounds. The Steel segment produces and sells semi-finished steel products, carbon and special long products, and carbon and stainless flat products, as well as metal products, including forgings, stampings, and wire products. The Ferroalloys segment is involved in the production and sale of ferrosilicon. The Power segment is engaged in the generation and sale of electricity and heat energy from steam coal; and power distribution activities. The company, formerly known as Mechel Steel Group OAO, was founded in 2003 and is based in Moscow, the Russian Federation.

71,635 Employees
Last Reported Date: 05/15/14
Founded in 2003

mechel-pref spon adr (MHSE) Top Compensated Officers

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mechel-pref spon adr (MHSE) Key Developments

Korshunovsky GOK OAO Signs Loan Agreement with Mechel OAO

On January 27, 2015 Korshunovsky GOK OAO (the Irkutsk region) signed an interested-party deal - a loan agreement with Mechel OAO (the borrower). Term of the deal through August 22, 2015. The deal value is RUB 565,181,510.

VTB Announces Preliminary Hearing of RUB 50 Billion Lawsuit against Mechel Set for March 2, 2015

preliminary hearing has been set for March 2 on the VTB's RUB 50.1 billion lawsuit against mining and steel company OJSC Mechel. VTB has filed a suit to recover over RUB 50 billion on a loan agreement with Mechel from December 27, 2010.

VTB Files Suit Against OJSC Mechel for over RUB 50.1 Billion

The Russian bank VTB filed a lawsuit on February 2 against OJSC Mechel for more than RUB 50.1 billion. VTB, Gazprombank and Sberbank account for more than half of Mechel's debt, which totaled around $8.65 billion as of first half of 2014. The creditors are insisting that the debt be converted into shares, but Mechel's main owner, Igor Zyuzin, is against this.


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