Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Mechel Issues Default Warning
16.05.2014 21:07
Mechel Issues Default Warning
Photo Credit: http://www.mitriks.ru

Mechel, Russia’s steel and metal giant, has warned investors of growing default risks if the Ukraine crisis spirals out of control, says the news agency Itar-Tass.

      According to the news report, Mechel is very much concerned over a possible liquidity crunch in the Russian banking sector amid continuing uncertainty over the Ukraine crisis.

      The company may default on its debt if the national lending institutions are unable to help it meet its financial needs, says the report.

      The uncertainty is exacerbated by flat economic growth of the national economy.

      Founded in 2003, Mechel 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 the United States, 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 value-added products. The holding also owns three trade ports, transport operators and international sales and service networks. Mechel’s products are sold in Russia and abroad. The company has 72,000 personnel.

       




Author: Mikhail Vesely

Tags: Mechel Russian mining companies Ukraine crisis Crimea  

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Bashneft  Russian Premier League  Chelyabinsk Regional Museum of Local History  elections in Russia  Sverdlovsk region  Balashikha  Russian cuisine  satellite  Russian tourism  Zapadnaya Dvina  Irkutsk Region  Russian scientists  Nizhny Novgorod  IT  Exhibitions in Moscow  Russian fashion designer  Russian Astronauts  Aeroexpress  Lace  Historical Exhibitions  Rusian international  Moscow  Kurily Urup Island  made in Russia  Russia  Mercedes-Benz Fashion Week Russia  Enrique Iglesias  Russian climate  E-travel 2013  Winzavod  Russian economy  #OPENRUSSIANFASHION  drugs control  Russian science  Women's Tennis Association  low cost airline  Southern Ural festival   Mud Treatment  Concerts in Saint Petersburg  Gostiny Dvor  Optina Monastery  Russian oil  Russian Photographers  Russian business  Yekaterinburg Transfer  Russian Cinema  St. Petersburg  Karelia   Skolkovo  book hotels in Russia 


Travel Blogs
Top Traveling Sites