Mechel OAO Company Description
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; it also sells these to outside customers. It also owns stakes in power plants a nd a power distribution company. CEO Igor Zyuzin owns a majority stake in the company.
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The Company Description provides a historical perspective of Mechel OAO's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Mechel OAO's evolution in the marketplace.
