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News Breaks | | | | March 21, 2013 | | 06:08 EDT |  | MTL | Mechel signs agreement with Baosteel
Mechel OAO announces that its subsidiary Mechel Carbon has signed a memorandum for supplies of coking coal with Baosteel Resources, Baosteel Group Corporation's wholly-owned subsidiary focusing on raw materials supply. According to the memorandum, which was signed on March 18 at Baosteel Resources' new Shanghai headquarters, Mechel Carbon is due to directly supply Baosteel with 960,000 tonnes of coking coal annually, with the one-year contract subject to prolongation. The price will be corrected monthly. | |
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News For MTL From The Last 14 Days Check below for free stories on MTL the last two weeks. |
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| May 15, 2013 | | 09:18 EDT |  | MTL | Mechel volatility elevated as shares near four-year low
Mechel overall option implied volatility of 61 is above its 26-week average of 56 according to Track Data, suggesting large near term price movement. | | | May 13, 2013 | | 10:10 EDT | | MTL | Mechel reports Q1 coal production 6.41M tons, steel production 1.3M tons
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