Mechel is a low-cost fully integrated mining and steel company focused on the production of mining products, such as coal, iron ore, nickel, and steel products. We are the second largest producer of coking coal in Russia, with a 12% market share in 2004, and Russia’s largest exporter of coking coal concentrate. We also control 23% of the coking coal washing capacity in Russia.
Mechel is the second largest producer of long products in Russia, and the largest and most comprehensive producer of specialty steels and alloys in Russia, producing 39% of total Russian specialty steel output. We also produce significant amounts of coke, both for internal use and for sales to third parties, which have significantly grown.
In 2005, Mechel had revenues of $3.80 billion (U.S. GAAP), net income of $381 million and
EBITDA (1) of $726 million.
