Mechel OAO, founded in 2003, is one of the world's leading mining and metals companies.
The company has production facilities in 11 of Russia’s regions, as well as in Ukraine and Lithuania.
Mechel is comprised of more than 20 production enterprises, producing coal, iron ore, steel, rolled products, ferroalloys, heat and electric power. All of the Group’s enterprises work within a single production chain – from raw materials to high
Mechel is one of the world’s top five coking coal concentrate producers (excluding Chinese producers) and one of the world’s leaders by production volume of coking coal concentrate. Mechel is Russia’s third largest coal miner, the company controls over a quarter of Russia’s total coking coal washing facilities. Mechel is Russia’s second rolled products manufacturer as well as the largest and the most diversified producer of specialty steels and alloys in the country.
Mechel is One of Mechel’s key competitive advantages is its own sales network managed by Mechel Service Global. The company has over 100 branches in 17 countries worldwide. It currently comprises the Russian-based Mechel Service, subsidiaries in the CIS, Western and Eastern Europe, Turkey.
Mechel is the first and still the only coal mining and metals company in the region of Central and Eastern Europe and Russia having its shares placed on the New York Stock Exchange. Starting in May 2010, Mechel’s preferred shares are also traded on the New York Stock Exchange.
Financial results of 2013 set Mechel’s net revenue at $8.6 billion, with adjusted EBITDA at $730 million.
FY2013 Financial Results
Revenue: $8.6 billion
Adjusted EBITDA: $730 million
Mechel's development strategy envisions focusing on such priority areas as mining and full-cycle steelmaking with an emphasis on production of long products and high value-added products, including specialty steel, stainless steel and hardware.