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:
Concerts in Saint Petersburg  Russian army  Russian roads  Russian explorers  Russian Cinema  Hermitage  Video Exhibitions  Kabardino-Balkaria  Moscow  Schengen visa  Russian tourism  Russian Central Bank  Yuri Gagarin  Mercedes-Benz Fashion Week   Anatoly Papanov  Mercedes-Benz Fashion Week Russia  Installations  Yaroslavl   Buinsk  public-private partnership  Alania Vladikavkaz  Russian Traditions  Bicycle flash mob  Russian scientists  Russian tourists  Alexander Rodchenko  Exhibitions in Moscow  Krasnoyarsk  Tomsk  Russian government  Femco  Russian business  Alexander Mozhaisky  Russian football  Buryatiya  Russian economy  Museums of Russia  Vilyuchinsky Pass  Joseph Stalin  Isaak Brodsky  Exhibitions in Yaroslavl  Sculpture  Russian shops  Vadim Sidur Museum  St. Petersburg  Renaissance Construction  Russian science  Kasimov  Sochi 2014  odd news 


Travel Blogs
Top Traveling Sites