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Balance Sheet Cash Flow Statement Krasnoarmeyskaya Street 1 125993 Moscow, Russia Tel. +7-495-221-88-88 Fax +7-495-221-88-00 |
Type: Public
On the web:
http://www.mechel.com
Employees:
83,070
Employee growth: (2.3%)
Mechel is forging ahead with its steel business while minding its own mining business. The company is one of Russia's largest manufacturers of specialty steels, alloys, and long steel products (along with Evraz and Severstal). Mechel's steel operations mainly consist of semi-finished steel, carbon and specialty long products, and stainless steel flat products used in the automotive, construction, chemical, and rail industries. Through its mining operations, Mechel produces the coal, iron ore, and nickel used in its steel operations, and it also sells these to outside customers. In addition, it owns stakes in power plants and a power distribution company. CEO Igor Zyuzin owns a majority stake in the company.
Key numbers for fiscal year ending December, 2008:
Sales: $9,950.7M
One year growth: 48.9%
Net income: $1,140.5M
Income growth: 24.9%
Officers:
CEO and Director: Igor V. Zyuzin
First Deputy CEO: Yevgeny Mikhel
SVP Finance: Stanislav A. Ploschenko
Competitors:
ArcelorMittal
Norilsk Nickel
Severstal
