NYSE, MTL - Mechel Oao ADR
We are a low-cost integrated mining and steel group with revenues of $4.4
billion in 2006. Our mining business is focused on mining products used in the
production of steel, primarily coking coal, iron ore and nickel. We also produce
a significant amount of steam coal. We have substantial coal, iron ore and
nickel mining interests in Russia, with the flexibility to supply our own steel
production or sell to third parties depending on price differentials between
purchases from local suppliers and sales to foreign and domestic customers. We
are capable of internally sourcing 80% of the coking coal, 40% of the iron ore
and 67% of the nickel requirements of our steel segment. We were the third
largest producer of coking coal in Russia in 2006, with a 13.8% market share,
and Russia?s second largest exporter of coking coal and coal concentrate. We
also control 20% of the coking coal washing capacity in Russia. ...
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