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Last $1.35 USD
Change Today 0.00 / 0.00%
Volume 306.8K
MTL On Other Exchanges
New York
New York
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Krasnoarmeyskaya Street, 1

Moscow, 125993


Phone: 7 495 221 8888


Mechel OAO, through its subsidiaries, operates as a steel and mining company. Segments The company operates through four segments: Mining, Steel, Ferroalloys, and Power. Mining segment This segment produces coking coal and other types of metallurgical coal (anthracite and coal for pulverized, or finely crushed, coal injection (PCI)), steam coal, middlings, coking coal and steam coal concentrates, as well as coke and chemical products, iron ore, iron ore concentrate and limestone. This segment also includes certain transportation and logistics facilities and engineering operations. The company’s coal operations consist of Southern Kuzbass Coal Company, Yakutugol, Elgaugol and Bluestone, which together produced 17.1 million tonnes of raw coking coal, 7.9 million tonnes of raw steam coal, 2.5 million tonnes of raw anthracite and 2.9 million tonnes of PCI in 2013. Its coke operations consist of Moscow Coke and Gas Plant and Mechel Coke, which together produced 3.1 million tonnes of coke in 2013. The company’s iron ore operations consist of Korshunov Mining Plant, which produced 12.6 million tonnes of iron ore and 4.3 million tonnes of iron ore concentrate in 2013. Its limestone operations consist of Pugachevsky Open Pit which produced 1.9 million tonnes of limestone in 2013. The company’s subsidiary, Southern Kuzbass Coal Company and its subsidiaries, operates coal mines located in the Kuznetsky basin, near Mezhdurechensk in Western Siberia. These mines include four open pit mines and three underground mines. Another its subsidiary, Yakutugol, operates coal mines located in the Sakha Republic in Eastern Siberia, consisting of two open pit mines and one underground mine. Yakutugol also holds subsoil licenses for three iron ore deposits, located in close proximity to its coal mining operations. In 2013, the company established Elgaugol, which holds the subsoil license for the Elga coal deposit, located in the Sakha Republic in Eastern Siberia. Its Bluestone operations include three mining complexes in West Virginia, the United States, consisting of open pit and underground mines. This segment also provides coal washing services to the company’s coal mining subsidiaries. Korshunov Mining Plant operates two open pit iron ore mines and a washing plant located near Zheleznogorsk-Ilimsky, a town in the Irkutsk region in Eastern Siberia. This segment also produces significant amounts of coke, both for use by its subsidiaries in the steel segment and for sales to third parties. The company established Mechel Mining, a wholly-owned subsidiary, in which it consolidated coal, iron ore and coke assets of this segment (Southern Kuzbass Coal Company, Korshunov Mining Plant, Yakutugol, Bluestone, Moscow Coke and Gas Plant and Mechel Coke and certain other companies). Mechel Mining Management, a wholly-owned subsidiary of Mechel Mining, acts as the sole executive body of the company’s subsidiaries in this segment. Products Coking Coal and Metallurgical Coal: Southern Kuzbass Coal Company produces bituminous coal, which is washed to reduce the ash content. The premier product is a low phosphorous, low sulfur semi-soft to semi-hard coking coal used to produce coke for the iron and steel industry. Other products produced by Southern Kuzbass Coal Company include PCI and anthracite. Yakutugol produces hard coking coal of low-volatile content. Elgaugol produces hard coking coal of high-volatile content. The company’s West Virginia-based Bluestone operations produce a range of metallurgical coals, including low, medium, and high-volatile hard coking coal. The Bluestone mines blend low, medium and high-volatile hard coking coal in different proportions to meet the requirements of their customers. The final products are blended at the port, as they are loaded on to the customer’s vessels. Steam Coal: The company produces steam coal products for use in the power generation industry. Southern Kuzbass Coal Company, Yakutugol, Elgaugol and its Bluestone operations produce high-energy steam coal as part of their product mix. Coke: Coke is used in the blast furnace as a main source of heat, a reducing agent for iron and a


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