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Blue Chip Growth

Stock Report: () Report Updated: Dec 22, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(MTL)

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Company Profile

Mechel OAO, together with its subsidiaries, operates as a mining and steel company primarily in the Russian Federation, other CIS countries, Europe, the Middle East, the United States, and rest of Asia. The company operates in four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment produces and sells metallurgical and steam coal, coke and chemical products, iron ore, and limestone, as well as chemical products, such as coal tar, naphthalene, and other compounds; and provides coal washing services. This segment operates four open pit and three underground coal mines in the Kuznetsky basin, western Siberia; three open pit coal mines in the Sakha Republic in eastern Siberia; three mining complexes in West Virginia; and three open pit iron ore mines near Zheleznogorsk-Ilimsky, eastern Siberia, as well as licenses for the Pionerskoye iron ore deposit, the Sutamskaya iron ore area, and the Sivaglinskoye iron ore deposit. The Steel segment produces and sells semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; and downstream metal products, including wire products, stampings, and forgings. The Ferroalloys segment produces and sells nickel ore, low-ferrous ferronickel, ferrochrome, and ferrosilicon. The Power segment is involved in the generation and sale of electricity and heat energy from steam coal; and power distribution activities. The company was incorporated in 2003 and is based in Moscow, Russian Federation.

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