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Mechel is highly efficient, vertically integrated mining and metals company. We mainly produce coking and steam coal concentrate, iron ore concentrate and steel products. Mechel is the largest Russian producer of coking coal concentrate. Our market share in 2008 was above 22%. With the coking coal assets of Mechel Bluestone which were acquired in 2009 Mechel became one of the top five world largest hard coking coal producers. In Russia we control more than 26% of coal washing capacities. Mechel is also the third largest Russian coal producer out of the total coal output volume. We also produce significant amount of coke which is consumed internally and supplied to the third parties. Mechel is the largest Russian producer of special steel. The company is the second Russian largest producer of long steel products as well. Mechel group comprises ferroalloy and power divisions which supply ferroalloys and electric and heat power to the group’s plants. Our ferroalloy and power plants also sell significant amount of their products on the free market. Financial results of 2011’s nine months set Mechel’s net revenue at some 9,6 billion dollars, with net income at 527 million and EBITDA at some 1.9 billion dollars (in accordance with US GAAP). |
