Mechel, founded in 2003, is one of Russia's leading mining and metals companies, comprising of more than 20 production enterprises, producing coal, iron ore, steel, rolled products, ferroalloys, heat and electric power.
Mechel is one of the world’s top five coking coal concentrate producers (excluding Chinese producers) and one of the world’s leaders by production volume of coking coal concentrate. Mechel is Russia’s third largest coal miner, the company controls over a quarter of Russia’s total coking coal washing facilities. Mechel is Russia’s second rolled products manufacturer as well as the largest and the most diversified producer of specialty steels and alloys in the country.
The company has about 80 branches including over 30 service centers. It currently comprises the Russian-based Mechel Service, subsidiaries in the CIS, Western and Eastern Europe.
Starting in May 2010, Mechel’s preferred shares are also traded on the New York Stock Exchange.
Financial results of 2015 set Mechel’s net revenue at 253,141 million rubles, with EBITDA at 45,730 million rubles.