Mechel Reports Izhstal Getting Export Loan from Eximbank of Russia

Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports that Mechel Group’s Izhstal PAO and State Specialized Russian Export-Import Bank (joint-stock company) (Eximbank of Russia) (part of the Russian Export Center) signed a loan agreement for financing high-technology product manufacturing for export contracts. Eximbank of Russia AO opened a credit line totaling 3.35 billion rubles for 2.5 years. Financing was made available in the framework of a ...
25 December 2017., 15:01   comment

ChMK export project wins state support

Mechel reports that the Expert Council of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a loan for Mechel’s Chelyabinsk Metallurgical Plant (ChMK) to implement a project for production of rails, beams and other structural rolls meant for export. The project’s cost totals 1.52 billion rubles, including 300 million rubles to be loaned by the Industrial Development Fund. The project includes acquiring technological equipment in order to set up manufacturing of products ...
17 April 2017., 14:30  

Mechel develops cooperation with Baosteel Resources

Mechel reports that its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tonnes of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s own Trade Port Posiet. The price will be determined on a monthly basis. “We have established trust-based, mutually beneficial ties ...
04 December 2017., 15:05  

Mechel develops cooperation with Baosteel Resources

Mechel reports that its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged. Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tonnes of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s own Trade Port Posiet. The price will be determined on a monthly basis. “We have established trust-based, mutually beneficial ties ...
04 December 2017., 15:05